US and Jordan remove trade barriers with new trade agreement
Poin Utama
- US President Donald Trump announced that a new trade agreement removing trade barriers has been signed with Jordan.
- Jordan will maintain duty-free market access for almost all US goods and eliminate non-tariff barriers.
- Jordan made major investment commitments, including Royal Jordanian Airlines' 1.4 billion dollars Boeing aircraft purchase.
- The agreement builds on the US-Jordan Free Trade Agreement, which entered into force on 17 December 2001.
Dalam Angka
US President Donald Trump announced that a mutual trade agreement has been signed with Jordan. According to the statement from the White House, the agreement will eliminate long-standing trade barriers for US exporters and provide new market access for key American industries.
Jordan commits to maintaining duty-free market access for almost all goods exported to the US. It will also expand market access for US goods, including agricultural products and motor vehicles, and eliminate non-tariff trade barriers. Jordan also assumed obligations regarding the enforcement of environmental laws, the protection of intellectual property rights, and the assurance of fair trade practices.
As part of the agreement, Jordan also made major investment commitments to the US industry. Royal Jordanian Airlines purchased six Boeing 787-9 aircraft worth 1.4 billion dollars and signed additional aircraft leasing contracts worth 500 million dollars. Along with the Jordanian pharmaceutical company Hikma Pharmaceuticals planning to invest 1 billion dollars in the US, Jordanian businesses also agreed to purchase 300 million dollars' worth of raw materials from the US annually.
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Pertanyaan Umum
- What is the main purpose of the new US-Jordan trade agreement?
- The agreement aims to remove trade barriers for US exporters, increase regional cooperation, and enhance supply chain resilience.
- What opportunities does the agreement create for US manufacturers and companies?
- Jordan provides duty-free access for US goods, including agricultural products and motor vehicles, while Jordanian companies have committed to investing billions of dollars in the US through the purchase of Boeing aircraft and pharmaceutical investments.
- Which previous agreement is this trade agreement based on?
- This agreement builds on the US-Jordan Free Trade Agreement, which entered into force on 17 December 2001.
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