Jordan-Turkey free trade agreement’s termination comes after months of failed negotiations.
Jordan and Turkey on Tuesday discussed prospects for sealing a new free trade agreement (FTA) following the Kingdom’s suspension of the previous agreement.
The Jordan-Turkey agreement will be terminated in November 2018.
Jordan is planning to conduct a study to assess the economic impact of the EU Association Agreement and the EU deal on relaxed rules of origin to Jordanian industries.
The deal was suspended in March, but the following month Jordan announced it was willing to reactivate the agreement provided Turkey agreed to meet certain conditions.
Turkish authorities are ready to look into Jordan’s conditions to reactivate the suspended free trade agreement (FTA) between the two countries, Minister of Industry, Trade and Supply Yarub Qudah said Tuesday.
In Jordan, a group of MPs on Tuesday called on the government to reactivate the recently-suspended Free Trade Agreement (FTA) with Turkey.
Jordan is willing to reactivate the free trade agreement with Turkey, which was suspended last month, if Turkey agrees to meet certain conditions, the government said on Sunday.
The FTA with Turkey has not yielded the expected fruits, but has rather further tilted the trade balance in favour of the Turkish side, says Governement.
Relying the findings of a study by the Amman Chamber of Commerce, business leaders called for revisiting the Jordan-Turkish FTA, noting that trade balance was heavily in favour of Turkey.
Jordan and Kenya are expected to sign a free trade agreement (FTA) before the end of the year, Minister of Industry, Trade and Supply Yarub Qudah said.
An agreement will be signed on how to maximise benefits from the Jordan-US Free Trade Agreement
Deputy Prime Minister for Economic Affairs Jawad Anani said that Jordan will revisit all its free trade agreements to assess their benefits to the Kingdom.
A human rights organisation has condemned what it describes as "undignified" conditions faced by workers in Jordan’s Qualified Industrial Zones (QIZ), as well as violations at some textile factories outside these zones.
Several countries have offered to create free-trade zones with the Eurasian Economic Union including Zimbabwe, Jordan, Syria, Mongolia and Albania.
Mexico and Jordan held their first round of negotiations for a free trade agreement in Amman, end August.
Jordan and the European Union on Thursday called on Arab Mediterranean countries to join Agadir free trade agreement between the Kingdom, Egypt, Tunisia and Morocco.
European Commission President José Manuel Barroso and His Majesty King Abdullah launched negotiations between Jordan and the EU over a comprehensive free trade agreement, reports Jordan Times
The European Union’s Foreign Affairs Council decision of 14 December 2011 to grant the European Commission a negotiation mandate to study and launch negotiations for Deep and Comprehensive Free Trade Agreements (DCFTA) with Morocco, Jordan, Tunisia and Egypt, which would extend current partial free trade areas in goods to incorporate services and public procurement and some regulatory harmonization with the EU, are part of the Union’s broader trade strategy.
Mohammed Abu Hassan owns a small shoe factory in the Sahab Industrial Zone on the eastern edge of Jordan’s capital, Amman. He is struggling to keep his factory open and is worried that the government’s new FTA with Canada could put him out of business.