UK, 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.
The UK 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. They are working with the Jordanian government to overcome some of the structural issues that prevent greater FDI into Jordan. The UK is supporting and promoting Jordan’s Public-Private Partnership Unit’s work and the National Infrastructure Projects that were prioritised by the Government of Jordan.
The 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. ■