Jordanian-American committee discusses trade, …1st, final add

The committee also discussed ways to overcome hardships facing Jordan-U.S. private sector in export fields, referring to the United States as a target market within Jordan’s export strategy 2023-2025, the statement added. In addition, Jordanian delegation urged American investors to enhance investment in the Kingdom and benefit from its new investment law. During the meeting, the delegates thanked Washington for its continuous support to Jordan in a number of sectors, especially assistance provided by the U.S. Agency for International Development (USAID) within its programs that target the commercial and economic sectors and various society groups. The committee’s meetings yielded multiple outcomes, primarily formation of a joint sub-committee entrusted to revisiting legislation on environmental affairs to stimulate mutual trade and raise level of the two countries’ ecological protection in implementing Article 5 of Free Trade Agreement (FTA), and agreement to resolve a slew of hardships facing trade exchange. In 2022, value of Jordan’s exports to the United States amounted to $2.38 billion, which accounted for more than 25% of the total national exports, while its imports stood at $1.49 billion, according to official data. Meanwhile, Jordan’s exports to the United States during last January amounted to $166.4 million, and its imports reached %212.4 million. The committee convenes regularly to discuss ways and mechanisms to boost commercial cooperation in various fields and enhance trade exchange level under the FTA signed by the two countries in 2001.

Source: Jordan News Agency