A new agreement ensuring ambitious trade cooperation with Jordan while also securing continued preferential trade for British and Jordanian businesses and consumers helping to boost vital trade and investment has come into effect.
The new Association Agreement reaffirms the deep interest of both Jordan and the UK to strengthen both countries longstanding trade and economic relationship.
The total trade on goods and services between the UK and Jordan was worth £561 million in 2020 with 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 and the British government say they are working with the Jordanian government to overcome some of the structural issues that prevent greater FDI into Jordan. They state they 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.”