Jordan, Kuwait sign transportation accord
The governments of Jordan and Kuwait have finalized a transportation cooperation accord that will lift levied fees on trucks entering both countries. The two nations have been negotiating the accord since March in a bid to end a dispute over the imposition of tariffs on cargo vehicles, reported Al-Hayat.
Approximately 24,000 Kuwaiti trucks enter Jordan every year while 6,000-7,000 trucks from Jordan enter Kuwait. The most debated item contained in the bi-lateral agreement was exempting the trucks, the drivers and their assistants as well as their personal luggage from all taxes and fees when entering either country.
Jordanian exports to Kuwait increased by 21 percent in the first five months of 2002, reaching 9.8 million Jordanian dinars compared to Dh 8.1 million during the same period last year. With the balance of trade in Jordan’s favor, the Kingdom’s imports from Kuwait decreased by 7.5 percent, reaching five million Jordanian dinars compared to JD 5.4 million last year. — (menareport.com)
© 2002 Mena Report (www.menareport.com)