JORDAN: Qualifying Industrial Zones Drive Apparel Trade
While some companies have voiced reservations about investing in Jordan's qualifying industrial zones (QIZs) due to the region's political uncertainty, it is estimated that so far around 33 companies have set up in the QIZs - creating some 13,000 jobs. Of this contingent, seven are Hong-Kong base garment exporters, led by Boscan International Group, an SAR-based operation with a presence in the Chinese mainland, Taiwan and Dubai. Boscan designs, manufactures and sells a wide range of textiles, apparel and travel goods, and was the first Hong Kong business to take advantage of the QIZs. Products produced in these zones are able to enter the US without the need for duties or excise taxes.
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