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Saturday, 21 November 2009   |   Last Updated: 12 June 2009

 

Jordan

Jordan FlagThe United States-Jordan Free Trade Agreement was signed on October 24, 2000. It was America's third free trade agreement, and the first ever with an Arab state.  Under the terms of the agreement, which entered into force on December 17, 2001, the United States and Jordan agreed to phased tariff reductions culminating in the complete elimination of duties on nearly all products by 2010.

Exports

Jordan is currently the 78th largest export market for U.S. goods.  U.S. goods exports in 2008 were $940 million, up 9.9 percent from the previous year.

Imports

U.S. imports of goods from Jordan were $1.1 billion, down 14.3 percent. The U.S. goods trade deficit with Jordan was $198 million in 2008, a decrease of $275 million from 2007.

Investment

The stock of U.S. foreign direct investment (FDI) in Jordan was $119 million in 2007 (latest data

available), up from $39 million in 2006.