Jordan – U.S. Free Trade Agreement
The FTA Unit, which is based out of the American Chamber of Commerce in Jordan office, was formally established in 2017 with support from the United States Agency for International Development’s (USAID) Jordan Competitiveness Program (JCP).
The U.S.-Jordan Free Trade Agreement (FTA), signed on October 24, 2000 and entered into force on December 17, 2001. Jordan and the US also have a Bilateral Investment Treaty. These agreements provide Jordanian exports with a comparative advantage in the large US market and helps boost foreign direct investment from the United States.
At the time, it was the first U.S. FTA with an Arab country. Currently the US also has FTAs with Bahrain, Morocco and Oman, which came as part of the U.S. Middle East Free Trade Area Initiative (MEFTA initiative) first proposed in May 2007. The MEFTA initiative “is a plan of graduated steps for Middle Eastern nations to increase trade and investment with the United States and with others in the world economy, with the eventual goal of a regional free trade agreement (Read More)