US commerce department, AmCham-Jordan sign partnership agreement

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The TIJARA Council holds their sixth annual meeting to set priorities and for the years 2021–2022 on Tuesday. (Photo: Handout from AmCham-Jordan)
AMMAN — The US Department of Commerce’s International Trade Administration (ITA) and the American Chamber of Commerce in Jordan (AmCham-Jordan) recently signed a strategic partnership agreement to help American exporters and investors do business in Jordan and support Jordanian firms that have or are considering investing in the US.اضافة اعلان

The memorandum provides a framework for deepening commercial ties between the US and Jordan by advancing shared priorities that promote greater trade and investment, according to a statement released by the US Embassy in Jordan. 

The statement added that the partnership will support opportunities for US companies in Jordan to showcase their goods and services, while raising awareness among Jordanian companies on how to invest in the US.

During an annual meeting with the National Tijara Coalition in Amman on Tuesday, the US Ambassador to Jordan Henry Wooster said that “with the 20th anniversary of the US-Jordan Free Trade Agreement, it is important to leverage such occasions to showcase the numerous market opportunities the FTA offers. This partnership provides a strong example.” 

The FTA enables duty-free access for most products, which is favorable to bilateral business development. Since the signing of the US-Jordan FTA in 2000 — the first US’ first FTA with an Arab country — bilateral trade between the two countries has grown by over 800 percent, the statement read.

Mohammed Bataineh, AmCham-Jordan chairman, highlighted the US’ position as one Jordan’s top trading partner, emphasizing that the FTA continues to hold potential. 

The ITA-AmCham Jordan memorandum is a product of ITA’s Strategic Partnership Program, which facilitates partnerships between ITA and trade associations, private corporations, chambers of commerce, and other organizations, the statement said. 

“We look forward to partnering with AmCham-Jordan in areas of mutual interest to improve the global business environment and help US organizations compete at home and abroad,” said the US Embassy in Amman’s Senior Commercial Officer Janee Pierre-Louis. 

In 2020, bilateral trade of goods and services between Jordan and the US was valued at $4 billion, and the US was one of Jordan’s leading sources of imports.

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