Jordan–United States Free Trade Agreement
The United States–Jordan Free Trade Agreement is the first free trade agreement (FTA) between the United States and an Arab country (and the United States' fourth FTA overall behind Israel, Canada, and Mexico). It is Jordan's second free trade agreement, after the 1997 Greater Arab Free Trade Agreement.[1] The agreement, which grants duty-free status to nearly all Jordanian exports to the United States, was signed on 24 October 2000 and went into force on 17 December 2001.[2] Rules of origin require that goods be composed of a minimum of 35 percent Jordanian content to be eligible for duty-free entry.[3]
- United States–Jordan Free Trade Agreement (JOFTA) (American English)
- اتفاقية التجارة الحرة بين الولايات المتحدة الأمريكية والأردن (Arabic)
- United States–Jordan Free Trade Agreement (JOFTA) (American English)
- اتفاقية التجارة الحرة بين الولايات المتحدة الأمريكية والأردن (Arabic)
24 October 2000
24 October 2000
17 December 2001
2 months after notification of each state that all internal procedures have been completed
As a result of the agreement, Jordan became a "magnet for apparel manufacturing," as U.S. companies such as Walmart, Target, and Hanes established factories so they could cut costs by eliminating tariffs. In 2019, U.S. exports to Jordan were $1.5 billion, while imports were $2.2 billion, about 80 percent of which were apparel and textile goods.[4]
Long title
To implement the agreement establishing a United States-Jordan free trade area.