The head of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbeer, said that Jordan's exports to the United States of America constituted about 25 percent of the Kingdom's total exports during the past year 2020.

Engineer Al-Jaghbeer told Jordan News Agency (Petra) today, Wednesday, that America is one of Jordan's most important trading partners He explained that Jordan's imports from the United States amounted to about 8 percent of the total non-oil imports last year. Jordan's exports to the US market last year amounted to 1,220 billion dinars, compared to 1,003 billion dinars in imports, which made the trade balance between the two countries tilted in favor of the Kingdom by 217 million dinars. Jordanian exports to the US market are concentrated in textile materials, medicines, metal products, air-conditioning machines, jewellery, food products, transportation equipment and live animal products.

Jaghbir said that Jordan has deep economic relations with the United States thanks to the great efforts made by His Majesty King Abdullah II to integrate the national economy with global economies, in addition to providing all support to the industrial sector and enhancing the competitiveness of its exports in export markets.

Jordan was the first Arab country to sign a free trade agreement with the United States of America in 2000, and it came into full force in January 2010.

Jaghbir pointed out that the free trade agreement linking Jordan and the United States of America is characterized by the investment momentum that accompanied it since its signing, especially in industrial areas. In addition to its contribution to the transfer of American manufacturing and marketing expertise to the Kingdom, through 75 facilities operating in the apparel and knitting sector, the majority of which were established with foreign investment for the purpose of exporting to the American market.

And he indicated that the agreement is one of the most effective trade agreements signed by Jordan with various global economic blocs, in terms of trade volumes supported by smooth administrative processes that are far from complications, calling on Jordanian industrial companies to explore the opportunities they provide to enhance the presence of exports in the American market and expand their product base.

He pointed out that Jordan has exported to the American market during the past two years, handicraft products, gold works, fertilizers, medicines and chemicals in a large way, while knitting accounted for 85 percent of them.

Jaghbir called for optimizing the benefits of the free trade agreement between the two countries through the chambers of industry, coordinating and cooperating with the relevant authorities, to enhance Jordanian exports to the American market in its various sectors, as they are currently concentrated in the clothing sector.

×