AMMAN — A ministerial minutes-of-meeting was signed between
Jordanian and Israeli officials to facilitate access for a list of Jordanian “export-oriented”
products to Palestinian markets, this follows relentless Jordanian efforts to
expand commerce with Palestine.
اضافة اعلان
Minister of Industry, Trade and Supply, Yousef Al-Shamali, said that the
agreement, signed at the shores of the Dead Sea, is the fruit of tireless
efforts by technical teams from both sides regarding a Jordanian proposal
raised in 2018 to increase Jordanian exports to Palestinian markets.
Restrictions imposed by the Paris Economic Protocol, signed
between the Palestinian and Israeli side in 1995, set a quota for a list of
Jordanian goods that can be exported to Palestinian markets in accordance with
Palestinian customs, procedures, and standards.
Shamali said that recent discussions culminated in an agreement on a list of
new Jordanian goods that will enjoy preferential treatment to access the
Palestinian market, valued at $730 million annually, adding that the deal
serves the interests of the Jordanian and Palestinian private sectors.
According to the agreement, 425 Jordanian goods, with an annual value of about
$500 million, will enjoy duty-free access to the Palestinian market, provided
they conform to Palestinian technical specifications and technical requirements.
Similarly, 329 Jordanian goods, with an annual value of
about $230 million, will also be exempt from customs duties when exported to
the Palestinian market, provided that they meet Israeli specifications and
technical requirements.
The minister emphasized that these new arrangements will not affect the
provisions and arrangements applicable to the imports of the Palestinian side
as stipulated in the Paris Economic Protocol.
The minister said that this agreement is part of nonstop coordination
between the Jordan and Palestine governments to enhance bilateral cooperation
in trade and investment.
Technical teams studied all possible scenarios and alternatives to come up with
a consensual solution that takes into account the interests of all
stakeholders. The importance of supporting the Palestinian economy and
enhancing its trade capabilities was taken into account, as was facilitating
access for Jordanian goods to Palestinian markets by removing the barriers that
limit exports flow.
Shamali said that these arrangements are a new push towards long-term
commercial partnerships between the private sectors in Jordan and Palestine,
which will benefit the two economies, urging the Jordanian private sector to
reach out more to the Palestinian private sector to achieve the hoped for
benefit from the agreement.
Read more National News
.jpg)
.jpg)
