Jordan and US ink trade agreement
Jordan and the United States have signed a mutual trade agreement aimed at strengthening economic relations between the two countries and facilitating the entry of products into markets, especially in sectors such as clothing, textiles, agriculture, and vehicles. The agreement includes reducing U.S. customs duties on Jordanian goods to 10%, granting market preferences to the apparel sector, and maintaining the existing customs exemptions for American products exported to Jordan. Additionally, the agreement addresses enhancing workers' rights, protecting intellectual property rights, improving customs procedures, developing digital trade, and increasing supply chain flexibility. This step is part of a comprehensive trade relationship, which includes the purchase of aircraft by Jordanian Airlines worth $1.4 billion and investments of up to $1 billion by Al Hokma Pharmaceuticals in the United States.
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