New Partnership Forms to Strengthen U.S-Jordan Trade Ties
U.S. Commerce Department and AmCham-Jordan enter into Memorandum of Agreement
The U.S. Department of Commerce’s International Trade Administration (ITA) and the American Chamber of Commerce in Jordan (AmCham-Jordan) recently signed a Strategic Partnership Memorandum of Agreement (MOA) to help American exporters and investors do business in Jordan and support Jordanian firms that have invested or are considering investing in the United States.
The MOA provides a collaborative framework for deepening commercial ties between the United States and Jordan by advancing shared priorities that promote greater trade and investment. More specifically, the partnership will support opportunities for U.S. companies in Jordan to showcase their goods and services. It will also support awareness-raising activities among Jordanian companies on how to increase their global growth by investing in the United States.
During yesterday’s National Tijara Coalition annual meeting in Amman, U.S. Ambassador to the Hashemite Kingdom of Jordan Henry Wooster noted that, “with the 20th anniversary of the U.S.-Jordan Free Trade Agreement, it is important to leverage such occasions to showcase the numerous market opportunities the FTA offers. This partnership provides a strong example.” The FTA enables duty-free access for most products, which is favorable to bilateral business development. Since the signing of the U.S-Jordan FTA in 2000 – the first United States FTA with an Arab country – bilateral trade between the two countries has grown by over 800%.
Eng. Mohammed S. Bataineh, AmCham-Jordan Chairman, highlighted the United States’ position as one of the largest economies in the world and Jordan’s top trading partner, emphasizing that the FTA continues to hold great potential. Through diligent joint work and true partnership, the United States and Jordan can leverage the opportunities resulting from the agreement and translate them into tangible and sustainable results.
The ITA-AmCham Jordan MOA is a product of ITA’s Strategic Partnership Program, which facilitates partnerships between ITA and trade associations, private corporations, chambers of commerce and other organizations that complement ITA’s mission. “We look forward to partnering with AmCham-Jordan in areas of mutual interest to improve the global business environment and help U.S. organizations compete at home and abroad,” said Senior Commercial Officer Janee Pierre-Louis. In 2020, bilateral trade of goods and services was valued at $4 billion, and the United States was one of Jordan’s leading sources of imports.
About the International Trade Administration
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide. For more information on ITA and the Strategic Partnership program visit www.trade.gov and https://www.trade.gov/strategic-partnership-program.
About AmCham Jordan
AmCham-Jordan is a voluntary non-profit member-based organization established in 1999 that has been working for 20 years to contribute to Jordan’s sustainable economic development through the promotion of Jordan-U.S. trade and investment relations, policy, advocacy, human resources development and business community outreach.