Latest news with #IhabQadri
Zawya
3 days ago
- Business
- Zawya
Jordan: Leather, garment exports reach 90 countries as sector sees ‘record' growth
AMMAN — National exports of the leather and garment industry reached around 90 countries, the Jordan Chamber of Industry (JCI) announced on Tuesday. The sector accounted for 21 per cent of total industrial exports, hitting a record high of $2.4 billion, marking a 24 per cent increase compared with 2023 and the "strongest" export performance since 2010, the Jordan News Agency, Petra, reported. JCI representative for the leather and garment industries Ihab Qadri said that "the growth we're seeing is a clear sign of the sector's renewed momentum in international markets". He added that "despite regional and global economic challenges, the sector is proving resilient and competitive." Qadri attributed much of the export growth to a gradual recovery in demand from the US, which currently receives 80 per cent of the sector's exports, as well as to increased shipments to key European markets, such as the Netherlands and Belgium. Over the past 10 years, the total investment in the sector has surged by 150 per cent, rising from $420 million to over $1 billion. The number of active enterprises has also grown 'significantly', from 600 by the end of the last decade to over 1,000 today, supported by the establishment of production facilities across governorates. Under Jordan's Economic Modernisation Vision, the sector is expected to play a "central" role in job creation and industrial growth. The plan aims to increase the sector's value-added output by 10 per cent each year, reaching $1.8 billion by 2033, and to boost total production to $8.8 billion and attract $3.1 billion in new investments. The sector is also set to generate 149,000 of the one million jobs that the plan intends to create for Jordanians. The industry currently employs over 96,000 people, a workforce that has grown by 8 per cent, with 31 per cent of them are Jordanians. He noted that the project has reached an "advanced" phase, through completing feasibility studies, setting plans in place to finalise the location, offer incentives and launch promotional campaigns in order to attract further investments and skilled labour. The JCI member referred to progress made in a project to establish a 'comprehensive industrial cluster,' with support from the International Finance Corporation. Qadri said that the aim of the cluster is to fill gaps in the supply chain and reduce delivery times, thereby enhancing the sector's global competitiveness and export potential. He also acknowledged that there are challenges, mainly in the high cost of raw materials, which account for around 60 per cent of total production expenses. There is still a lot of "untapped" potential, Qadri noted, citing estimates from the International Trade Centre that Jordan's leather and garment exports could grow by an additional $752 million if market opportunities were "fully" exploited.
Jordan Times
03-04-2025
- Business
- Jordan Times
US imposes 20% tariff on goods imported from Jordan
The US has imposed a 20 per cent tariff on Jordanian goods (Photo courtesy of Aqaba Container Terminal) AMMAN — The US has imposed a 20 per cent tariff on Jordanian goods, as part of a wider set of tariffs affecting most countries worldwide, an industrial sector representative said. Ihab Qadri, the representative of the leather and garment sector at the Jordan Chamber of Industry, told the government-owned Al Mamlaka TV that Jordan's garment exports to the US exceeded JD1.5 billion last year. He noted that China, Bangladesh and Colombia are among Jordan's main competitors in the US market, and that their exports face even higher tariffs than Jordanian goods. The tariff hike follows an executive order signed by US President Donald Trump to impose "reciprocal tariffs" on countries around the world. Trump had long promised such measures since his election campaign, touting them as the beginning of a "golden age" for the US, though critics warned they could trigger a global economic downturn.
Jordan News
03-04-2025
- Business
- Jordan News
Trump's New Tariffs Affect Jordan by 20% - Jordan News
Ihab Qadri, representative of the Leather and Garment Industries sector in the Jordan Chamber of Industry, stated that the tariffs imposed by the United States on most countries worldwide have also affected Jordan, with new tariffs of 20% being applied. اضافة اعلان Qadri confirmed that Jordan's exports of garments to the United States exceeded 1.5 billion Jordanian dinars last year. He pointed out that China, Bangladesh, and Colombia are among the most competitive countries to Jordan in garment exports to the U.S. and have been subjected to higher tariffs than those imposed on Jordanian exports. U.S. President Donald Trump signed an executive order imposing "reciprocal tariffs" on countries "around the world," fulfilling a promise he made during his election campaign to begin a "golden age" for the United States, though these tariffs could lead to a global economic collapse. (Al-Mamlaka)
Jordan Times
03-04-2025
- Business
- Jordan Times
‘US imposes 20% tariff on goods imported from Jordan'
AMMAN — The US has imposed a 20 per cent tariff on Jordanian goods, as part of a wider set of tariffs affecting most countries worldwide, industrial sector representative said. Ihab Qadri, the representative of the leather and garment sector at the Jordan Chamber of Industry, told the government-owned Al Mamlaka TV that Jordan's garment exports to the US exceeded JD1.5 billion last year. He noted that China, Bangladesh and Colombia are among Jordan's main competitors in the US market, and that their exports face even higher tariffs than Jordanian goods. The tariff hike follows an executive order signed by US President Donald Trump to impose "reciprocal tariffs" on countries around the world. Trump had long promised such measures since his election campaign, touting them as the beginning of a "golden age" for the US, though critics warned they could trigger a global economic downturn.
Ammon
03-04-2025
- Business
- Ammon
Jordan Chamber of Industry: Three countries compete with Jordan in clothing exports to the U.S.
Ammon News - The representative of the leather and garment industries sector at the Jordan Chamber of Industry, Ihab Qadri, stated that the tariffs imposed by the United States on most countries worldwide have also affected Jordan, with new tariffs of 20% being imposed. Qadri confirmed that Jordanian exports of clothing to the U.S. exceeded 1.5 billion dinars last year. He revealed that China, Bangladesh, and Colombia are among Jordan's biggest competitors in clothing exports to the U.S., and they have been subjected to even higher tariffs than those imposed on Jordanian exports. U.S. President Donald Trump had signed an executive order imposing "reciprocal tariffs" on countries "around the world," fulfilling a promise he repeatedly made during his election campaign to usher in a "golden era" for the U.S. However, these tariffs could potentially lead to a collapse of the global economy.
