Jordan and US agree on trade pact
Jordan and the United States signed a mutual trade agreement to strengthen their economic relations. The aim is to facilitate the entry of goods into markets and increase Jordanian exports, especially in the sectors of clothing, textiles, jewelry, and precious stones. The agreement also seeks to ease the entry of American products into the Jordanian market. It includes reducing customs duties on Jordanian goods to 10%, protecting workers' rights and intellectual property, improving customs procedures, and developing trade in services and investment sectors, all while adhering to high standards in digital commerce. This agreement contributes to enhancing trade relations and strengthening supply chains. In line with this, Jordanian companies have announced investments amounting to billions of dollars in the U.S. market, such as Al Hikma Pharmaceuticals, plans to purchase aircraft, and the establishment of major trade partnerships.
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