JORDAN: Textile And Apparel Exports To US Up By 632 Per Cent
Jordan's textile and apparel exports to the United States soared by 632 per cent in the first quarter, compared with the same period last year, to reach US$38.3m. In 1999, shipments to the US were only $3m before jumping to $52m in 2000. The US does not impose limits on imports from Jordan but tariffs may reach 30 per cent. Creation of such Qualifying Industrial Zones (QIZs) is part of the peace process between Israel and its neighbours. More than fifteen years ago, Israel signed a free trade agreement with the United States. The QIZ initiative offers a kind of extension of the FTA to enclaves in Egypt and Jordan.
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