The value of trade exchange between Jordan and countries with which it has free trade agreements accounted for 58 per cent of the country’s overall trade in 2022, according to data published by the Amman Chamber of Commerce. Jordan’s exchanges during 2022 with countries with which it has free trade agreements and partnerships amounted to $23 billion, more than half of which are with Arab countries. Jordan signed free trade agreements with international and bilateral economic blocs with different countries, most notably: the Greater Arab Free Trade Area in 1978, free trade with the US, which entered into force in 2001 and the Jordanian-European Partnership, which entered into force in 2002. Jordan signed a free trade agreement with EFTA countries, which includes Switzerland, Liechtenstein, Iceland and Norway, which entered into force in 2002. It also has a free trade agreement with Singapore, which entered into force in 2005. Jordan signed an agreement to establish a free trade exchange zone between the Arab and Mediterranean countries (Agadir), which includes Tunisia, Egypt, Morocco and Jordan and a free trade agreement with Canada and the UK. The countries of the Greater Arab Free Trade Zone accounted for more than half of Jordan’s trade with countries with which it has agreements at a value of $12.299 billion, which constituted 31 per cent of Jordan’s total foreign exchange, followed by the countries of the EU with a value of $4.880 billion, then the US with a value of $3.973 billion. Jordan’s trade with Agadir countries during 2022 amounted to USD1.162 billion, and its trade with the EFTA amounted to USD1.055 billion. Jordan’s trade with the Jordanian-British agreement amounted to USD312 million, followed by Canada at USD168 million and Singapore with a value of USD57 million.

Source: Jordan News Agency