UK and Jordan Trade Agreement comes into effect

first_imgUK and Jordan Trade Agreement comes into effect The new Association Agreement reaffirms the deep interest of both Jordan and the UK to strengthen our longstanding trade and economic relationship.The total trade on goods and services between the UK and Jordan was worth £561 million in 2020, which we will seek to expand.We have had positive trade agreements and partnerships across a variety of sectors including education, aviation, retail, biometrics and technology.Major items exported to Jordan include: general industrial machinery, mechanical power generators, vehicles, medicinal and pharmaceutical products. UK imports from Jordan include mechanical power generators, vegetables, metal ores, clothing and general industrial machinery.As stated during the London Initiative in 2019, the UK priority is to promote investments, growth and jobs for Jordan. We are working with the Jordanian government to overcome some of the structural issues that prevent greater FDI into Jordan. We are supporting and promoting Jordan’s Public-Private Partnership Unit’s work and the National Infrastructure Projects that were prioritised by the Government of Jordan.Welcoming the agreement, the UK’s Minister for Middle East and North Africa, James Cleverly said:As we celebrate 100 years of friendship, it continues to grow and flourish. Today’s new UK-Jordan trade agreement is an important step forward for our countries, which will provide a boost to British and Jordanian businesses.Building stronger trade links and attracting more investment will grow our economies and help both our countries build back better from the impact of the coronavirus pandemic.BackgroundThe Jordan-UK Association Agreement was signed on 5 November 2019. A Jordanian Royal Decree was issued on 25 February 2021 and the Jordanian government confirmed on 1 March that all their procedures been completed.The UK Statutory Instrument was laid before Parliament on 24 March and the UK Government informed Jordan on 25 March that all UK procedures have now been completed. In line with the terms of the Agreement, this will enter into force on May 1, 2021. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Africa, agreement, British, coronavirus, Government, infrastructure, Investment, Jordan, London, Middle East, parliament, technology, UK, UK Government, vegetableslast_img

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