3. Convinced of the importance of local, regional and international tourism, the two parties agreed to explore the possibilities of joint development of tourist projects in the Um Qais (Hamat Gader) area and in the Wadi Araba area along the "Spice Route".
   
4. The two sides expressed their support for pursuing the idea of the Red Sea - Dead Sea Canal ( RSDSC ), subject to the positive analysis of the international financial institutions as to the economic feasibility of the project.
   

B. ECONOMIC AND TRADE RELATIONS:

1. In recognition of their mutual desire to expand bilateral economic and trade relations, the two sides will continue to positively review their current agreements and will strive to reach new ones.
   
2. With the aim of removing non-tariff barriers to their trade, the two sides signed a mutual recognition agreement between their national standards institutions. They will soon exchange letters of accreditation between their laboratories.
   
   
3. Israel announced the establishment of a 100 million U.S. dollar facility, through its Government's credit insurance agency, the Israeli Foreign Trade Risk lnsurance Corporation ( IFTRIC ). The facility is designed to promote joint ventures and other economic activities in Jordan.
   
   
4. The two sides expressed their gratitude to the U. S. for the agreement to grant duty-free treatment to joint ventures' production in the qualifying industrial zone in Jordan. They agreed to establish a bilateral committee to approve the qualified joint ventures.
   
   
5. The two sides will jointly approach the European Union urging it to recognize cumulation of origin between Jordan and Israel so as to grant duty-free entry to products of cumulative Jordanian-Israeli origin. The two sides will establish a joint bilateral committee to harmonize their rules of origin and relevant administrative and customs procedures.
   
   
6. The two sides recognize the importance of developing and expanding trade between Jordan, the P.A. and Israel. In this context, they note the following:
   
   

( a ) The three Ministers of Industry and Trade of Jordan, Israel and the P.A. will meet soon to discuss issues of mutual interest and concern.

( b ) Israel approves in principle the expansion of the lists attached to the economic agreement with the P.A. pertaining to the trade between the P.A., Jordan and Egypt, by including a substantial part of the list of goods recently submitted by the P.A. to Israel. Details of such an expansion will be worked out between the P.A. and Israel in their Joint Economic Committee.

( c ) The two sides fully support the rebuilding of the King Hussein ( Allenby ) Bridge. Japan's contribution in this regard is highly appreciated.

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