Access to European Markets
The Jordan-EU Association Agreement signed in 1997 and entered into force on 2002: Aims at creating a free trade area between EU and Jordan, establishing a comprehensive framework for political, economic, trade and investment, social and financial cooperation.
Furthermore, the Agreement allows entry of Jordanian industrial exports into EU-member countries free of customs duties and other charges, having equivalent effect from the date the Agreement enters into force. EU industrial exports are allowed entry into Jordan free of customs duties and charges as well, having equivalent effect over a transitional period of 12 years starting from date the Agreement enters into force, excepting a list of specific products.
In addition to the elimination of tariffs and reduction of non-tariff barriers, the Agreement contains comprehensive provisions on the conduct of trade in agricultural and industrial products, right of establishment and services, payments and movement of capital, competition, intellectual property rights, financial co-operation, economic co-operation in the field of industry, standards, transportation, telecommunications, energy, science and technology, environment and tourism, statistics, and the fight against illegal drugs. Moreover, within the context of the Agreement, the EU has pledged to set up a Special Fund to assist in improving the export capacity and competitiveness of Jordanian industries.
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