Latest news with #JordanianBusinessmenAssociation
Jordan News
05-08-2025
- Business
- Jordan News
Jordan Secures Strategic Trade Advantage in U.S. Market Amid Global Tariff Revisions - Jordan News
Jordan has emerged with a new competitive edge in the U.S. market following recent global tariff adjustments, thanks to proactive economic diplomacy and long-standing strategic trade relations with the United States. اضافة اعلان Despite new tariffs imposed by the U.S. on imports from 69 countries, Jordanian exports have largely been shielded from steep increases. The Kingdom retained one of the lowest applied tariff rates, a development experts consider a significant diplomatic and economic win. Economic analysts agree that Jordan's ability to mitigate the impact of the new U.S. customs policy presents a valuable opportunity to expand its market share. The outcome reflects the success of coordinated efforts by Jordanian institutions, including the Ministry of Foreign Affairs and the Ministry of Industry, Trade, and Supply, to preserve favorable trade terms. "The newly imposed tariffs on Jordanian goods are among the lowest globally, which underscores the strength of our trade policy and commitment to maintaining a competitive economy," said Hamdi Tabbaa, President of the Jordanian Businessmen Association. "This will ease the burden on the private sector and help maintain price stability." Tabbaa emphasized the importance of continued dialogue between the public and private sectors to monitor the long-term implications of the new policy and maintain the sustainability of Jordan's export momentum. Muath Al-Saaydeh, CEO of Pine Tree, a major Jordanian exporter to the U.S., described the reduced tariff level as a notable achievement. "Despite the global changes, Jordanian products are still subject to a 15% rate, and many goods remain at zero tariff thanks to the U.S.-Jordan Free Trade Agreement," he said. Signed in 2000 and implemented in 2001, the agreement offers full customs exemptions for most Jordanian exports, particularly in the textile sector, one of the Kingdom's most prominent export industries. Al-Saaydeh added that the continued enforcement of the free trade agreement means new tariffs are only partially applicable and will not affect the baseline zero-duty rate for covered goods. Samer Judeh, Chairman of the American Chamber of Commerce in Jordan, said the chamber is actively working with Jordanian companies to help them capitalize on the new conditions. "The changes give Jordan a strategic opening to enhance its role in U.S. supply chains and attract foreign investment aimed at export production," he noted. Tayseer Younis, Vice President of the Jordanian-American Business Council, echoed this sentiment, emphasizing that Jordan's relatively low tariff impact compared to other countries is a clear signal of its deep and enduring trade relationship with the U.S. He called for a national task force to craft a strategic roadmap for maximizing the benefits of the trade agreement, encouraging joint ventures with American and Asian companies, and positioning Jordan as a gateway for regional and international manufacturing and distribution. "The new tariff system can turn Jordan into a preferred production base," Dr. Younis said. "With modern logistics and digital supply chain management, we can build flexible, efficient trade routes linking Asia, Europe, and the Americas through Jordan." According to Ihab Qadri, Representative of the Leather and Garment Sector at the Jordan Chamber of Industry, the revisions particularly benefit the apparel and leather sectors. "Jordan's competitive advantage lies not only in tariff preferences but also in product quality and stable trade relations with the U.S.," he said. Qadri warned that global customs schedules are dynamic and require close coordination between the government and industrial stakeholders to maintain responsiveness and protect market gains. Economist Hussam Ayesh estimates the new tariff reductions have cut Jordan's export-related duties to the U.S. from JOD 442 million to JOD 320 million, a savings of over JOD 110 million. He noted that the transition from a quota-based system to a competitive tariff regime could further enhance Jordan's export competitiveness, particularly in textiles. "This is a chance to strengthen Jordan's economic flexibility and create more jobs," Ayesh said. "The U.S. remains one of our most successful export markets, and with smart policy, we can turn global shifts into sustainable national gains."
Jordan Times
19-05-2025
- Business
- Jordan Times
JBA, Welsh delegation discuss boosting trade, investment cooperation
Secretary-General of the Jordanian Businessmen Association Abdul Rahim Baqai on Monday meets with a Welsh government delegation to discuss boosting economic, trade and investment ties between Jordan and Wales (Petra photo) AMMAN — Secretary-General of the Jordanian Businessmen Association (JBA) Abdul Rahim Baqai on Monday met with a Welsh government delegation to discuss boosting economic, trade and investment ties between Jordan and Wales. Talks also went over means to explore new avenues for cooperation across various sectors, the Jordan News Agency, Petra, reported. The delegation included Head of the Welsh Government Regional Office in Dubai Sarah Taylor and Deputy Head of the Welsh Government Office for MENA Phil Taylor. Baqai stressed the importance of boosting trade and investment exchange and encouraging regular business engagements between the two sides to identify promising opportunities. He noted that since 2024, the JBA has been linked to the Joint Jordanian-Welsh Business Council, established in collaboration with the Chamber of Commerce of Wales. This council, he said, has marked a "significant" milestone in enhancing ties between the business communities of both countries. He highlighted the need to broaden cooperation to include strategic partnerships with British universities and companies, which would contribute to Jordan's economic development and technical advancement. Baqai also pointed to tax incentives and business facilitation measures introduced by the Jordanian government to attract foreign investment, particularly in the services sector. Sarah stressed Wales' interest in enhancing collaboration with Jordanian private sector institutions and attracting more British investment to the Kingdom, highlighting the potential for growth in sectors where Jordan has competitive advantages, especially in services sector. Taylor also expressed the office's readiness to support business ties by facilitating bilateral meetings and providing the JBA with the necessary tools and information to help Jordanian businesses access the Welsh market and benefit from its available opportunities.
Arab News
19-05-2025
- Business
- Arab News
Jordanian and Welsh business delegations discuss trade and investment cooperation
AMMAN: Representatives of the Jordanian Businessmen Association met a senior government delegation from Wales on Monday to explore ways of strengthening trade and investment ties between the countries. The delegates included the business association's secretary-general, Abdul Rahim Baqaei, and officials from the Welsh government's Middle East and North Africa office, including its deputy director, Phil Taylor, and Sarah Taylor, head of its regional office in Dubai. The discussions focused on ways to boost commercial exchanges, promote private-sector collaborations, and expand opportunities for joint ventures across key industries, the Jordan News Agency reported, and delegates agreed to identify new areas for economic cooperation. Baqaei said it was important to maintain regular discussions to help identify sectors with high potential and enhance business engagement. He highlighted in particular the role of the Jordanian-Welsh Business Council, established in 2024 in partnership with the Chamber of Commerce of Wales, in efforts to facilitate cooperation between the nations' business communities. He also called for greater collaboration with British universities and companies, stressing the role strategic partnerships can play in accelerating Jordan's economic development and technological progress. He highlighted recent government incentives designed to attract foreign investment, particularly in the services sector, including tax breaks and streamlined business procedures. Sarah Taylor reaffirmed the commitment of Welsh authorities to the development of strengthened ties with the private sector in Jordan and increased British investment in the country. She noted the untapped potential of sectors in which Jordan holds a competitive edge, particularly in the services sector, and said the Welsh government's regional office stands ready to support bilateral engagement. Her office will assist the work of the Jordanian Businessmen Association, she added, through the facilitation of direct business-to-business meetings and the provision of market intelligence to help Jordanian companies access opportunities in Wales.
Zawya
25-03-2025
- Business
- Zawya
Key meeting in Amman to boost economic ties between Jordan, Turkey
AMMAN: President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa, Turkish Commercial Attaché in Amman Mehmet Ural and Vice President of the Jordanian-Turkish Business Council Turker Karahasan on Monday discussed strategies to reactivate the joint business council, which was founded in 1994. The JBA said that the two sides plan to convene a council meeting in Amman later this year to explore ways to improve economic, trade, and investment relations between the two nations, the Jordan News Agency, Petra, reported. Tabbaa highlighted the importance of the council, which connects the JBA with the Turkish Foreign Economic Relations Board, noting its effectiveness in fostering communication between the business communities of both countries. He added that the council has played a "significant" role in identifying investment opportunities and boosting economic collaborations. The meeting, which was also attended by JBA board member Yosri Tahboub and General Manager Tariq Hijazi, emphasised the need to boost trade and investment exchanges between Jordan and Turkey to generate mutual economic benefits. Ural stressed the importance of the council in advancing economic relations, highlighting the vast potential for trade and investment cooperation. He highlighted the importance of enhancing its activities, organising business delegations, and sharing expertise between the private sectors of both countries. Karahasan reiterated the council's role in fostering business communication and underscored the need to increase its efforts to further support economic relations, expand trade, and create investment opportunities. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
24-03-2025
- Business
- Jordan Times
Key meeting in Amman to boost economic ties between Jordan, Turkey
President of the Jordanian Businessmen Association Hamdi Tabbaa highlights the importance of the Jordanian-Turkish Business Council, which connects the association with the Turkish Foreign Economic Relations Board (Petra photo) AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa, Turkish Commercial Attaché in Amman Mehmet Ural and Vice President of the Jordanian-Turkish Business Council Turker Karahasan on Monday discussed strategies to reactivate the joint business council, which was founded in 1994. The JBA said that the two sides plan to convene a council meeting in Amman later this year to explore ways to improve economic, trade, and investment relations between the two nations, the Jordan News Agency, Petra, reported. Tabbaa highlighted the importance of the council, which connects the JBA with the Turkish Foreign Economic Relations Board, noting its effectiveness in fostering communication between the business communities of both countries. He added that the council has played a "significant" role in identifying investment opportunities and boosting economic collaborations. The meeting, which was also attended by JBA board member Yosri Tahboub and General Manager Tariq Hijazi, emphasised the need to boost trade and investment exchanges between Jordan and Turkey to generate mutual economic benefits. Ural stressed the importance of the council in advancing economic relations, highlighting the vast potential for trade and investment cooperation. He highlighted the importance of enhancing its activities, organising business delegations, and sharing expertise between the private sectors of both countries. Karahasan reiterated the council's role in fostering business communication and underscored the need to increase its efforts to further support economic relations, expand trade, and create investment opportunities.
