Doing Business in Jordan

Subject (Course): Foreign Trade and Business in Jordan. Amman. Syllabus:

1. Introduction to the Hashemite Kingdom of Jordan (the Middle East).
2. Jordanian Economy.
3. Jordanian advantages
4. Jordanian Foreign Trade
5. Doing Business in Amman.
6. Port of Aqaba.
7. Market access: distribution, customs, and regulations
8. Business Opportunities in Jordan
   1. Minerals (cement, phosphate, and potash)
   2. Electricity
   3. Communications
   4. Transport
   5. Tourism
   6. The industrial sector
9. Foreign Direct Investment (FDI) in Jordan.
10. Privatisation process in Jordan
11. Jordan Investment Commission
12. Qualified Industrial Zones in Jordan
13. The largest Jordanian companies
    1. Azadea Group
    2. Abu Khader Group
    3. MS Group.
    4. Randa Ayoubi
14. Introduction to Arabic
15. Business Plan for Jordan

Objectives of the subject “Doing Business in the Hashemite Kingdom of Jordan”:

1. To analyse the Jordanian economy and foreign trade
2. To evaluate business opportunities in the Hashemite Kingdom of Jordan
3. To explore Jordan's trade relations with the student's country
4. To know Jordan's Free Trade Agreements (FTAs)
5. To examine the profile of Jordanian businesspeople and companies
6. To develop a business plan for the Jordanian Market

Sample of the subject - Business in Jordan:

Subject Description: International Trade and Doing Business in Jordan.

The Hashemite Kingdom of Jordan.

Jordan: the logistics hub of the Middle East.

1. Jordan shares borders with Syria, Iraq, Saudi Arabia, Israel, and Palestine.
2. Arabic name: المملكة الأردنية الهاشمية
3. Jordan are Arabs (98%)
4. The official language of Jordan is the Arab. English is widely spoken
5. Capital: Amman (4 millions of people)
6. The population of Jordan: 5,9 millions of people
7. 87% of the Jordanian population is litreate.
8. Area: 92,300 square kilometres
9. Jordan is a Constitutional Monarchy
10. Head of State: King Abdullah
11. Independence: 1946

Religion in Jordan.

1. Islam (Sunni Muslim) is the main religion of Jordan: 92% of the population
2. 6% of the population are Christians (Orthodox)
3. The Legal System: Based on Islamic Law and French codes

Jordan belongs to the Arab Economic Area of the Islamic Civilisation.

The economy of Jordan.

1. Jordanian economy is experiencing a very high growth rates.
2. Jordan is the second Arab economy that has grown over the past fifty years.
3. Jordanian GDP growth: 3%
   1. Services sector: 68% of the total GDP
   2. Manufacturing: 25% of Jordanian GDP
   3. Tourism sector: 14% of GDP
4. The inflation rate: 5.6%
5. Free Market-Oriented Economy
6. Deep privatisation of largest state-owned enterprises
7. Jordanian largest port: Port of Aqaba
8. In 2008, Jordan began to feel the effects of the global crisis.
9. The Hashemite Kingdom of Jordan has significant natural resources, but its business sector is not well established, their economy is very open.
10. According to the Heritage Foundation, the Index of Economic Freedom of Jordan was 52
11. There are substantial trade and investment opportunities in construction, the public sector, and the commercial sector
12. According to the Central Bank of Jordan the service sector, including construction, accounts for 71.9 % of GDP.
13. Jordanian tourism has become increasingly important in recent years (between 8 and 10% of the gross domestic product Jordanian).
14. In recent years the most dynamic sector of the Jordanian economy has been building.
15. Jordanian industry comprises a broad range of products: meat products, fruits, vegetables, dairy, animal food, confectionery, soft drinks, snuff, olive oil, alcohol, and others.
16. Jordan exports only 15% of his production.
17. Currency: the Jordanian dinar (JOD)
18. Deregulated telecommunication Market

Jordanian Foreign Trade.

1. The main suppliers of the Hashemite Kingdom of Jordan were: Saudi Arabia (21%), China (10%), Germany (6 %), the United States (4 %), Egypt (4%), South Korea (3%) Italy (3 %), India (3%), Japan (2.9%), and Turkey (2%)
2. The European Union accounts for 24 % of Jordanian imports.
3. The largest export markets of the Hashemite Kingdom of Jordan were: India (20 %), the United States (16 %), Iraq (13 %), Saudi Arabia (7%), the United Arab Emirates (3%), and Syria (3%).
4. Jordanian main exports: apparel and clothing, fertilizers, and pharmaceutical products vegetables
5. The main imports: Mineral fuels, nuclear reactors, electrical machinery, and vehicles
6. Qualifying Industrial Zones: free access to the US market
7. Free Zones (Aqaba and Zarqa)

Jordan's Free Trade Agreements.

Jordan has more Free Trade Agreements (FTA) than any other Arab country. Jordan has Free Trade Agreements (FTA) with the United States, Canada, Singapore, Malaysia, the European Union (EU), Tunisia, Algeria, Libya, Turkey, and Syria. More Trade Treaties are provided with Iraq, the Palestinian Authority, the countries of the Gulf Cooperation Council (GCC), Lebanon, and Pakistan.

Jordan is a member of the Greater Arab Free Trade Agreement and the Euro -Mediterranean Free Trade Agreement (FTA).

1. Agadir Agreement
2. Free Trade Agreements (FTA) with the United States, Canada, Singapore, Malaysia, the European Union (EU), Egypt, the European Free Trade Association (EFTA), Tunisia, Algeria, Libya, Lebanon, Turkey, and Syria.
3. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
4. Euro-Mediterranean Partnership

Regional institutions of Jordan.

1. Arab League
2. Summit of South American-Arab Countries (ASPA)
3. Asia-Middle East Dialogue (AMED)
4. Islamic Development Bank
5. Economic and Social Commission for Western Asia (ESCWA)
6. Organisation of Islamic Cooperation (OIC)

The United States-Jordan Agreement:

Agadir agreement:

Agreement Turkey-Jordan

Canada-Jordan Agreement:

Singapore-Jordan Agreement