«

»

Pro
11

While Jordan`s trade relations with the United States are strong, the kingdom has been actively committed to further integration into the regional economy. GAFTA is part of efforts to strengthen economic cooperation between the 22 Arab League member states. The agreement entered into force in its entirety in 2005 and resulted in numerous exemptions from customs duties and taxes. GAFTA significantly increased Jordan`s trade relations with neighbouring countries in 2014 and the volume of trade with GAFTA members amounted to JD 7.53 billion ($10.59 billion). In addition to numerous agreements with the United States and members of the Arab League, Jordan has signed trade agreements with a number of other regional bodies and countries. In 2001, Jordan signed a free trade agreement with the European Free Trade Association – a group of Iceland, Liechtenstein, Norway and Switzerland – which led to full trade liberalization until 2014. In addition, the Kingdom signed an economic association agreement with the EU in 2002, which paved the way for more liberal capital movements between the region and the kingdom. 19 / 12 / 2019 – Jordan today signed the multilateral agreement on the implementation of measures relating to the tax convention to prevent base erosion and the offshoring of profits (convention), making it the 93rd jurisdiction to accede to the convention, which now includes more than 1,650 bilateral tax treaties. H.E.M. Makram Queisi, Special Ambassador and Plenipotentiary of the Hashemitic Kingdom of Jordan to France, signed the agreement at a signing ceremony in Paris. The empirical effects of the U.S.-Jordan free trade agreement are not widely appreciated. Economic relations between Jordan and the United States have increased considerably since the agreement: bilateral trade has increased from $31 million in 1999 to $1.1 billion in 2011 and, in 2014, the total volume of goods traded between the two countries was $3.45 billion.

The kingdom soon became a hub for apparel manufacturing, as American companies such as Walmart and Target established factories in the country. The agreement has stimulated the garment industry, which has become a leading export sector for the country; In 2014, $1.35 billion worth of clothing was exported from the kingdom, representing 15.2% of Jordan`s total exports. In 2000, King Abdullah II ibn Al Hussein put in place a series of measures aimed at accelerating economic reforms that facilitated the Kingdom`s accession to the World Trade Organization. After accession, Jordan signed a free trade agreement with the United States, which was phased in over the next decade and became fully operational in 2010. The agreement was a key moment for both countries.

auto hájek

H&M INVEST s.r.o.

Hájek Martin
Dr. Steinera, Kladno 272 01


603 223 320

[contact-form-7 404 "Not Found"]