3 Hrs
Source:
CNN Arabic
Jordan-US trade agreement now in effect
The new Reciprocal Trade Agreement between Jordan and the United States came into effect on August 1, 2023, aiming to strengthen economic relations and expand export access to both markets. The agreement includes full exemption from tariffs and exceptional fees on Jordanian apparel and textile exports, which alone amounted to over $608 million during the first three months of 2023. This move boosts the sector’s competitiveness and stimulates job opportunities, particularly since the industry employs about 96,000 workers. The agreement also incorporates measures to support workers' rights, protect intellectual property, and facilitate trade exchanges, while Jordan continues to exempt its American imports from taxes to ease trade and promote mutual economic growth.
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