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Judges: US customs fee deal advantages Jordanian exports

Judges: US customs fee deal advantages Jordanian exports

The article concerns a new trade agreement between Jordan and the United States, signed to strengthen economic cooperation and trade exchange between the two countries. The agreement builds upon the Free Trade Agreement signed in 2001, which allowed Jordanian products to enter the U.S. market, with Jordan receiving a preferential advantage through reduced additional customs duties imposed by the United States on many countries, as Jordan benefits from the lowest rate of these duties (10%) compared to others. The discussion focuses on the benefit to the apparel and textiles sector, which accounts for about 70% of Jordan's exports to America, as it will be granted preferential benefits that enhance its competitiveness and create direct employment opportunities for Jordanians. The agreement is expected to increase the volume of exports and investments between the two countries, facilitate trade procedures, and reduce bureaucratic obstacles. It is anticipated to come into effect at the beginning of next month.

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