No New Exports, Investments under ‘Euro Rule of Origin’

تم نشره في Sun 16 April / Apr 2017. 12:00 AM
  • Jordan European Union flag

AMMAN —AlGhad— Since the Rule of Origin agreement with the European Union was signed 8 months ago, including 18 developmental and industrial areas in Jordan, exports to the EU have dropped over the last two years, from JOD216.6 million in 2014, to JOD106.7 million in 2016, show data by the Jordan Chamber of Industry.

According to studies conducted by the Chamber’s Economic Studies Centre, Jordanian exports to the EU, despite the agreements, comprise no more than 3 per cent of Jordan’s total exports.

Save for 2014’s JOD216.6 million, exportation to the EU has not once exceeded the USD200 million barrier, whereas imports from the EU have more than tripled since 2002, to JOD3.25 billion.