Jordanian Car Dealers: US vehicle tax to 16%
Jordan and the United States of America have signed a trade agreement aimed at strengthening economic cooperation between the two countries and facilitating the entry of exports into markets, thereby expanding bilateral trade. Among the implications of the agreement is a reduction in the tariff rates on imports of American vehicles, especially electric cars, hybrids, and gasoline-powered vehicles. The customs duty will be reduced from rates ranging between 27% and 55% to 16%, which is expected to lower the prices of new imported cars from America and lead to a decrease in prices in the Jordanian market. Experts confirm that a full assessment of the impact on the automotive market requires careful evaluation of feedback, but it is expected that this reduction will contribute to lowering car costs and will boost imports and trade between the two countries.
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