By maxyale-2 décembre 11, 2020 In

Jordan And Us Free Trade Agreement

In addition, the Skilled Industrial Zones (QIZ), established in 1996 under President Bill Clinton, manufactured products made in Israel, Jordan, Egypt or the West Bank and the Gaza Strip, allowed duty-free entry into the United States. Exports must have at least 35% of their added value from Israel, Jordan (i.e. QIZ) and the West Bank or Gaza to be eligible as beneficiaries of QIZ. Jordanian exports also needed at least 8% of their added value to come from Israel. [1] The Jordanian Free Trade Agreement (FTA) was signed on 24 October 2000. It will enter into force as America`s third free trade agreement and the first with an Arab state. The free trade agreement is the cornerstone of growing U.S.-Jordanian cooperation in economic relations, initiated by close bilateral cooperation during Jordan`s accession to the World Trade Organization (WTO), followed by the conclusion of a framework agreement on trade and investment and a bilateral investment agreement. The free trade agreement serves as an example to Jordan`s neighbours for the benefits of peace and economic reforms. The United States and Jordan continue to benefit from a comprehensive economic partnership. A key element of these relations is the U.S.-Jordan Free Trade Agreement, which came into force on December 17, 2001 and was fully implemented on January 1, 2010.

In addition, the “Qualified Industrial Zones” (QIZs) program, established in 1996 by the U.S. Congress, provides access to the United States without a product when produced in Jordan, Egypt or the West Bank and Gaza Strip, with a certain amount of Israeli content. At the last meeting of the Joint Committee in May 2016, the United States and Jordan discussed the work, agriculture, in particular current technical barriers to trade, the adoption of the World Trade Organization (WTO) Trade Facilitation Agreement and adherence to the WTO Public Procurement Agreement. The parties opened a dialogue to outline concrete measures to promote bilateral trade and investment, as well as between Jordan and other Middle Eastern countries. Following the meetings, the issue of authorizing the importation of poultry from the United States was resolved to allow the importation of American poultry into Jordan. In 2017, $8 million in poultry imports were exported to Jordan. Text by Jordan FTA: The full text of the agreement. Unlike many trade agreements, the U.S.-Jordan Free Trade Agreement has received broad, bipartisan and multi-sector support. Supporters have referred to the removal of tariffs and other trade barriers as a blessing for exports. [3] In order to benefit from the benefits to U.S. products under this agreement, exporters must understand how they can establish that their products originate or that they can receive preferential tariff treatment in accordance with Jordan`s free trade rules.

The U.S.-Jordan Free Trade Agreement came into force on December 17, 2001. Finally, the free trade agreement will remove tariffs and barriers to bilateral trade in goods and services originating in the United States and Jordan. The free trade agreement contains – for the first time in the text of a trade agreement – provisions on trade and the environment (Article 5), trade and labour (Article 6) and e-commerce (Article 7). Other provisions relate to the protection of intellectual property rights (Article 4), the balance of payments (Article 11), rules of origin (Article 14), safeguards (Article 10) and procedural issues (Articles 16 and 17).