|Jordan's exports to US record 72 percent jump
|Jordanian exports to the US market have shot up, with a 72 percent rise in dollar terms in the first five months of 2004 compared to the same period of last year, the American Chamber of Commerce in Jordan said Sunday.
"Jordanian exports to the US increased dramatically in 2003, which amounted to about $673 million, up from $412 million in 2002," a rise of 63 percent, figures released by the chamber of commerce showed.
Exports during the first five months of 2004 "amounted to about $362 million, up from $210 million during the same period of 2003," or an increase of 72 percent, it said.
Trade relations between Jordan and the United States were enhanced after the two countries signed a free trade agreement in October 2000. The accord went into force in December 2001.
Jordan became the fourth country to sign such an agreement with Washington, after Canada, Mexico, and Israel.
According to the agreement, US tariffs on imports from Jordan are being cut in four stages, which started from January 2001, until they are phased out completely by 2010.
The Daily Star