The American Chamber of Commerce in Jordan (JABA) announced that it is hosting the second American Jordanian Expo (AJEX) in Amman, from March 26 – 28, 2003. AJEX aims to reflect the positive developments in trade, economic and investment relations that exist between Jordan and the United States, and which have experienced exponential growth since the signing of the Free Trade Agreement (FTA) last year.
The event will bring together key Jordanian, US and international business-leaders, government officials and civic society representatives to network and discuss trade and investment opportunities in Jordan, vis-à-vis the US market.
Jordan presently serves as a gateway for commerce to regional and international markets. This is clearly witnessed by trade figures that reflect a 75 percent increase in exports to the US in 2003 year alone, making the US Jordan’s second biggest trading partner.
Jordan also enjoys strong trade relations with its neighboring countries. The country stands well above the regional average in its intra-regional trade, which stands at over 40 percent, compared to the regional average of approximately 10 percent.
Jordan has taken significant steps in opening up its economy through regional and international trade agreements, including the Jordan-US Free Trade Agreement (FTA), the Qualifying Industrial Zones (QIZs) and the creation of the Aqaba SpecialEconomicZone (ASEZ) in the southern port city of Aqaba.
There has been a significant increase in the number of companies who are successfully establishing operations in Jordan to benefit from duty-free access to the US market, while also taking advantage of Jordan’s strategic location to export to a regional market of 300 million potential consumers. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
