Goods to US account for 25% of all exports — Jaghbir

Fathi Jaghbir, head of the Amman and Jordan Chamber of Industry
Fathi Jaghbir, head of the Amman and Jordan Chamber of Industry. (Photo: Jordan News)
Amman — Fathi Jaghbir, head of the Amman and Jordan Chamber of Industry on Wednesday said that the United States accounts for one quarter of all of Jordan’s exports.  اضافة اعلان

Jaghbir told the Jordan News Agency, Petra, that the US is considered one of the most important trading partners with Jordan, adding that Jordan’s imports from the US made up about 8 percent of all non-oil imports last year.

The Kingdom exports around JD1.220 billion to the US and imports around JD1.003 billion, which gives Jordan a surplus of around JD217 million.

Among Jordan’s main exports are textiles, medicine, metal products, air conditioners, jewelry, food stuff products, transport equipment, and animal products.

Jaghbir added that Jordanian-American economic relations are deeply rooted. He attributed this to His Majesty King Abdullah’s efforts to integrate the national economy with the global economy, in addition to providing support to the industrial sector and reinforcing its competitiveness in foreign markets.

In 2006, Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States, which came into effect in January 2010.

Jaghbir noted that the FTA with the United States aims to boost investments, particularly in the industrial sector, as well as contribute in the exchange of US manufacturing and marketing expertise, through 75 facilities in garment sector, most of which were established with foreign investment.

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