Latest news with #JD877
Zawya
07-04-2025
- Business
- Zawya
JCI president urges talks after US imposes 20% tariff on Jordanian exports
AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Saturday called for a meeting of the boards of the industrial chambers on Sunday to discuss the implications of the US president's decision to impose a 20 per cent customs tariff on Jordanian exports to the US. Jaghbir said that the meeting would also go over suitable solutions to address the consequences of this decision, according to a JCI statement. He explained that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates "immediate" actions to support the national industry. Jaghbir, who is also president of the Amman Chamber of Industry, noted that the government and private sector are working in "close" coordination to enhance domestic production capabilities and boost competitiveness. He stressed that the Kingdom must adopt policies that ensure balance in trade relations. Jaghbir highlighted the resilience of Jordanian industry, which has proven its ability to compete despite various challenges. He pointed out that Jordan's trade balance with the US recorded a surplus of JD877 million ($1.24 billion) in 2024. Jordan's exports to the US in 2024 reached JD2.208 billion ($3.12 billion), up from JD1.958 billion ($2.77 billion) in 2023, marking an increase of 12.8 per cent, the statement added. Jaghbir described the US decision as a "clear message that nations must protect their industries and strengthen local production." © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
06-04-2025
- Business
- Jordan Times
JCI discusses implications of imposing tariffs on exports to US
The Jordan Chamber of Industry discusses the implications of US President Donald Trump's decision to impose tariffs on exports to the US at 20 per cent (Photo courtesy of JCI) AMMAN — The Jordan Chamber of Industry (JCI) on Sunday held a meeting with industrial companies that export to the US and the boards of directors of the chambers of industry to discuss the implications of US President Donald Trump's decision to impose tariffs on exports to the US at 20 per cent. Minister of Industry, Trade and Supply Yarub Qudah said that the new US tariff system is a policy of tariffs on imports to the US market from many countries, and it is a global policy and does not target Jordan only, according to Al Mamlaka TV. Qudah added that the tariff policy will have an impact on Jordanian exports to the US market. He stressed that the government has begun to discuss solutions and ways to enhance the competitiveness of the concerned economic sectors following the recent US decisions to find solutions to any challenges for the benefit of everyone and to maintain the competitiveness of Jordanian exports and the strategic economic relationship with the US. The Kingdom's trade balance with the US for 2024 achieved a surplus of JD877 million. Foreign trade data issued by the Department of Statistics showed a "remarkable" growth in national exports to the US last year, reaching JD2.208 billion, compared with JD1.958 billion in 2023, marking an increase of 12.8 per cent The value of the Kingdom's imports from the US market last year amounted to JD1.331 billion, compared with JD1.161 billion in 2023, an increase of 14.6 per cent. The volume of trade exchange between the two countries increased during the past year to JD3.539 billion, compared with JD3.119 billion in 2023. According to statistical data, national exports to the US constituted 25.7 per cent of the total value of Jordanian exports in 2024.
Jordan Times
05-04-2025
- Business
- Jordan Times
JCI president urges talks after US imposes 20% tariff on Jordanian exports
President of the Jordan Chamber of Industry Fathi Jaghbir says that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates 'immediate' actions to support the national industry (Photo courtesy of Aqaba Container Terminal) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Saturday called for a meeting of the boards of the industrial chambers on Sunday to discuss the implications of the US president's decision to impose a 20 per cent customs tariff on Jordanian exports to the US. Jaghbir said that the meeting would also go over suitable solutions to address the consequences of this decision, according to a JCI statement. He explained that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates "immediate" actions to support the national industry. Jaghbir, who is also president of the Amman Chamber of Industry, noted that the government and private sector are working in "close" coordination to enhance domestic production capabilities and boost competitiveness. He stressed that the Kingdom must adopt policies that ensure balance in trade relations. Jaghbir highlighted the resilience of Jordanian industry, which has proven its ability to compete despite various challenges. He pointed out that Jordan's trade balance with the US recorded a surplus of JD877 million ($1.24 billion) in 2024. Jordan's exports to the US in 2024 reached JD2.208 billion ($3.12 billion), up from JD1.958 billion ($2.77 billion) in 2023, marking an increase of 12.8 per cent, the statement added. Jaghbir described the US decision as a "clear message that nations must protect their industries and strengthen local production." Page 2
Zawya
17-03-2025
- Business
- Zawya
Jordan: Trade balance with US records surplus of $1bln in 2024
AMMAN: The trade balance with the United States recorded a surplus of JD877 million in 2024, according to foreign trade data released by the Department of Statistics and monitored by the Jordan News Agency, Petra. The data showed a "significant" increase in Jordan's national exports to the US in 2024, reaching JD2.208 billion compared to JD1.958 billion in 2023, marking an increase of 12.8 per cent. Jordan's imports from the US amounted to JD1.331 billion in 2024, up from JD1.161 billion in 2023, marking a 14.6 per cent rise. As a result, the total trade volume between the two countries grew to JD3.539 billion in 2024, compared to JD3.119 billion the previous year. According to the statistical data, national exports to the US accounted for 25.7 per cent of Jordan's total exports in 2024. Chairman of the American Chamber of Commerce in Jordan Samer Judeh told Petra that this increase reflects the "success" of Jordanian products in penetrating US markets, benefiting from the free trade agreement between the two countries, which came into full effect in 2010 and has boosted trade volume by more than 800 per cent. Judeh added that exports and support for national industries are key priorities under Jordan's Economic Modernisation Vision. He stressed the significant responsibility on industry leaders to formulate policies and coordinate efforts to achieve these goals. He pointed out that several Jordanian sectors are witnessing a notable growth in exports to the US, leveraging the free trade agreement. The clothing and accessories sector continues to lead Jordan's exports, thanks to the ease of applying the agreement's rules of origin, which provide Jordanian products with a "strong competitive edge." Meanwhile, the fertiliser and chemical products sector is experiencing sustained growth, supported by the abundance of natural resources such as phosphate and potash. Judeh also noted the increasing demand for Jordanian pharmaceutical products in international markets due to their high quality and adherence to the latest global standards. The jewellery sector has also attracted USconsumers with its innovative designs and exceptional craftsmanship. Regarding the ICT sector, he highlighted that it is establishing a strong presence in the US market, benefiting from Jordan's thriving entrepreneurial ecosystem. Jordanian food and animal products have also successfully entered new markets in the US by complying with international manufacturing, packaging, and labelling standards. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
