Jordan Bilateral Agreements

23 Abr Jordan Bilateral Agreements

Jordan Bilateral Agreements: An Overview

Jordan is a small, middle-income country in the Middle East, with a population of around 10 million people. Over the years, Jordan has signed several bilateral agreements with other countries, aimed at fostering economic, political, and cultural cooperation. These agreements have helped Jordan strengthen its position in the region and beyond, and also facilitated trade and investment flows.

In this article, we will explore some of the key bilateral agreements that Jordan has signed with other countries.

Free Trade Agreements

Free trade agreements (FTAs) are trade agreements between two or more countries that aim to reduce barriers to trade and investment, such as tariffs and quotas. Jordan has signed several FTAs, which have helped it boost its exports and attract foreign investment.

Jordan-US Free Trade Agreement: The Jordan-US FTA was signed in 2001 and came into force in 2002. Under this agreement, over 99% of bilateral trade in goods and services between the two countries became duty-free. The FTA has helped Jordanian exporters access the US market, while also attracting US investment into Jordan.

Jordan-EU Association Agreement: The Jordan-EU Association Agreement was signed in 2000 and came into force in 2002. Under this agreement, Jordan and the EU agreed to gradually liberalize trade in goods and services, with the aim of establishing a free trade area between them. The agreement has helped Jordan increase its exports to the EU and attract EU investment.

Investment Agreements

Investment agreements are agreements between two or more countries that aim to promote investment flows by protecting investors and providing them with a stable and predictable framework for their investments. Jordan has signed several investment agreements with other countries.

Jordan-UK Bilateral Investment Treaty: The Jordan-UK BIT was signed in 1997 and came into force in 2000. Under this agreement, Jordan and the UK agreed to protect investments made by investors from one country in the other country. The agreement has helped attract UK investment into Jordan and vice versa.

Jordan-China Investment Agreement: The Jordan-China Investment Agreement was signed in 2015. Under this agreement, Jordan and China agreed to facilitate investment flows between the two countries by providing investors with a stable and predictable framework for their investments. The agreement has helped attract Chinese investment into Jordan.

Cultural Agreements

Cultural agreements are agreements between two or more countries that aim to promote cultural cooperation and exchange. Jordan has signed several cultural agreements with other countries.

Jordan-Italy Cultural Cooperation Agreement: The Jordan-Italy Cultural Cooperation Agreement was signed in 2007. Under this agreement, Jordan and Italy agreed to promote cultural cooperation and exchange through various activities such as exhibitions, concerts, and festivals. The agreement has helped strengthen cultural ties between Jordan and Italy.

Jordan-Russia Cultural Cooperation Agreement: The Jordan-Russia Cultural Cooperation Agreement was signed in 2007. Under this agreement, Jordan and Russia agreed to promote cultural cooperation and exchange through various activities such as exhibitions, concerts, and festivals. The agreement has helped strengthen cultural ties between Jordan and Russia.

Conclusion

Jordan has signed several bilateral agreements with other countries, aimed at fostering economic, political, and cultural cooperation. These agreements have helped Jordan increase its exports, attract foreign investment, and strengthen its position in the region and beyond. As Jordan continues to face various challenges, including economic and political instability, these agreements will play a critical role in supporting Jordan`s development and growth.