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Can American car exemptions lower Jordanian prices
The article discusses the efforts of the Jordanian government to benefit from the exemption agreement on American cars in order to lower vehicle prices in the local market. The representative of the vehicle sector at the Free Zones Investors Authority explained that the exemption applies only to new cars manufactured in the United States that meet certain criteria, such as a minimum of 35% American components and direct export from the factory. This could help reduce the vehicle’s cost by approximately 20%. However, American car prices remain high due to elevated production costs, but it is expected that this tax exemption will enhance the competitive savings for imported vehicles. The agreement is limited to new cars only, with the standard 16% value-added tax (VAT) still in place. This step is part of the government's efforts to improve the market and provide consumers with more competitive options.
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