Jordan: ACC exports value surges 21.2% in first 2 months
AMMAN: Certificates of origin issued by the Amman Chamber of Commerce (ACC) jumped 21.2 per cent in value during the first two months of 2025 compared to the same period last year.
Data obtained by the Jordan News Agency, Petra, revealed that the value of certificates of origin reached JD222 million in the January-February period of 2025, up from JD183 million in the 2024 corresponding period, reflecting increased commercial activity across Jordan's export sectors.
The chamber also reported a "substantial" increase in the number of certificates of origin processed, with the number rising 32.2 per cent to 4,487 from 3,394 during the same period last year, suggesting broader participation in export markets among Jordanian businesses.
Syria emerged as the leading destination by volume with 1,072 certificates valued at some JD12 million. Iraq dominated in value terms with JD96 million in exports across 477 certificates, underscoring the continuing importance of the Iraqi market for Jordanian exporters despite ongoing regional challenges.
Other significant export markets included Switzerland, where just six certificates generated JD26 million in value, highlighting the high-value nature of these transactions.
Egypt received 125 shipments worth JD15 million, while the UAE accounted for 380 shipments valued at around JD14 million.
The composition of exports shows foreign-origin goods represented the largest category at JD104 million, pointing to Jordan's role as a regional trade hub.
Domestically produced industrial products accounted for JD52 million of the total, while agricultural exports reached JD19 million. Products of Arab origin totalled JD16 million, with various other categories making up the remainder.
The certificate of origin, which serves as official verification of a product's country of origin, plays a "crucial" role in international commerce by enabling customs authorities to determine applicable tariffs and import regulations.
The ACC issues these certificates for multiple categories including locally produced agricultural and animal products, raw natural resources, re-exported foreign goods, and foreign merchandise traded under specific regulatory conditions.
For industrial products, the chamber issues certificates based on original factory invoices certified by an industrial chamber, along with properly certified certificates of origin confirming Jordanian origin.
This process operates in accordance with Article 29 of the Jordanian Chambers of Commerce Bylaw No. 45 of 2009 and the 2013 instructions for issuing certificates of origin.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
a day ago
- Arabian Post
Trade Envoys from US and China to Convene in London Amid Renewed Optimism
Top trade officials from the United States and China are set to meet in London on Monday, 9 June, in a bid to ease escalating tensions over tariffs, technology transfers, and critical mineral exports. The announcement follows a 90-minute phone call between President Donald Trump and President Xi Jinping, during which both leaders agreed to resume dialogue and expressed cautious optimism about resolving key disputes. Leading the US delegation will be Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer. The Chinese side has not officially confirmed its delegation, but past rounds have included Vice Premier He Lifeng, Vice Commerce Minister Li Chenggang, and Vice Finance Minister Liao Min. Li, who was appointed as China's International Trade Negotiator in April, has been instrumental in shaping Beijing's response to the ongoing trade conflict. The upcoming talks follow a temporary truce brokered in Geneva on 12 May, where both nations agreed to reduce retaliatory tariffs—previously as high as 145%—to more manageable levels. However, the ceasefire is set to expire on 12 August, adding urgency to the London negotiations. ADVERTISEMENT A central issue on the agenda is the flow of rare earth minerals, which are essential for advanced manufacturing and defence technologies. China's earlier suspension of some rare earth exports to the US had heightened concerns about supply chain vulnerabilities. During their phone call, President Trump stated that President Xi agreed to resume these exports, a move that could alleviate pressure on US manufacturers. However, Beijing has yet to publicly confirm this commitment. The trade dispute has had significant economic repercussions. American businesses have faced increased costs due to tariffs, and a pending lawsuit challenges the legality of these tariffs under the International Emergency Economic Powers Act. The outcome of both the negotiations and the legal case could significantly influence future US trade policy and economic relations with China. President Trump has expressed optimism about the upcoming talks, stating, 'The meeting should go very well.' However, the complexity of the issues at hand suggests that reaching a comprehensive agreement may require sustained effort and compromise from both sides.
Al Etihad
a day ago
- Al Etihad
China allows limited exports of rare earths as shortages continue
7 June 2025 09:39 BEIJING (THE NEW YORK TIMES NEWS SERVICE)China's Ministry of Commerce has started issuing more export licenses for shipments of rare earth magnets in recent days, but the pace remains factories in the automotive sector and other industries in Europe and the United States, and a few in Japan, are running low on the makes 90% of the world's supply of these magnets, which are essential for cars, drones, factory robots, missiles and many other a 90-minute call Thursday with Chinese PresidentXi Jinping, US President Donald Trump wrote on social media that the two men had discussed rare earths. Trump mentioned that rare earths were a complex subject, but did not indicate whether anything had been decided about China's strict export licensing requirement, which Beijing imposed April wrote on social media Friday that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US trade representative Jamieson Greer would hold further economic talks Monday in London with top Chinese Trump was asked later on Air Force One whether Xi had agreed to allow rare earth minerals and magnets to flow to the US, Trump replied, 'Yes, he did,' but did not statement Thursday about the call did not mention rare earths, however. Lin Jian, a spokesperson for China's foreign ministry, declined to answer a question about the minerals Friday at the ministry's daily briefing, saying that it was a matter for other Chinese Ministry of Commerce said Thursday before the two leaders spoke only that it would issue export licenses according to its new rules, introduced two months US and European chambers of commerce in China each said Friday that somewhat more export licenses had been issued in recent days. But both groups emphasised that more were needed, as the Ministry of Commerce faces a huge backlog of detailed applications for licenses. Rare earth metals, a group of 17 elements found near the bottom of the periodic table, have a wide range of industrial applications. China produces practically the entire world's supply of seven of the least common rare earths, including three that are crucial in making powerful, heat-resistant magnets.
Zawya
5 days ago
- Zawya
Jordan: Agricultural producer prices jump 9.3% in early 2025 — DoS
AMMAN — Jordan's Agricultural Producer Price Index (PPI) saw a significant 9.3 per cent increase in the first four months of 2025 compared with the same period last year, according to a report issued Sunday by the Department of Statistics (DoS). The index, a key measure of inflation at the farm level, rose to 111.5 points, up from 102.0 points in the first third of 2024, the Jordan News Agency, Petra, reported. According to the department's analysis, this overall increase was driven by "sharp" price hikes in crops such as sweet green peppers, cauliflower and hot peppers, which collectively hold a 34.3 per cent weighting in the index. The rise occurred despite price drops in several "heavily" weighted crops, including eggplant, potatoes, and tomatoes (65.7 per cent weighting). On a year-on-year basis for the month of April, the price surge was even more. The agricultural PPI for April 2025 stood at 119.9 points, a 24.6 per cent jump from 96.3 points in April 2024. This was primarily fueled by higher prices for green chickpeas, tomatoes and melons. While, the month-on-month data showed a "notable" decrease. The April index marked a 7.4 per cent drop from the 129.6 points recorded in March 2025. This monthly decline was attributed to falling prices for seasonal produce like loquats, watermelon, and zucchini. Meanwhile, prices for lemons, tomatoes and potatoes saw an increase compared with the previous month. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. ( JT
