Business in Jordan, Amman

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Syllabus of the Subject: Foreign Trade and Business in Jordan. Amman (Course, Master).

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

Jordanian Preferential Access and Free Trade Agreements

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

The objectives of the Subject “Foreign Trade and Business in the Hashemite Kingdom of Jordan” are the following:

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

Example of the Subject - Doing Business in Jordan:

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Description of the Subject: International Trade and Business in Jordan.

Jordan: a logistics hub in the Middle East.

1. The Hashemite Kingdom of Jordan shares borders with Syria, Iraq, Saudi Arabia, Israel, and Palestine
2. Arabic name: المملكة الأردنية الهاشمية
3. Jordan people are Arabs (98%)
4. The official language of Jordan is Arab.
   1. English is widely spoken
5. Capital of Jordan: Amman (4 million people)
6. Jordanian population: 5.9 million people
7. 87% of the Jordanian population is literate
8. Jordanian Area: 92,300 square kilometres
9. Jordan is a Constitutional Monarchy
10. Head of State of Jordan: King Abdullah
11. Jordanian Independence: 1946

Religion in Jordan.

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

Jordan belongs to the Arab Economic Area (Islamic Civilisation).

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 the Jordanian GDP
   3. Tourism sector: 14% of the GDP
4. Inflation rate: 5.6%
5. Free Market-Oriented Economy
6. Deep privatisation of the largest state-owned enterprises
7. The largest Jordanian port is the Port of Aqaba
8. The Hashemite Kingdom of Jordan has significant natural resources, but its business sector is not well established, their economy is very open.
9. According to the Heritage Foundation, the Index of Economic Freedom of Jordan was 52
10. There are substantial trade and investment opportunities in construction, public sector, and commercial sector
11. According to the Central Bank of Jordan the services sector, including construction, accounts for 71.9% of the GDP.
12. Jordanian tourism has become increasingly important in the recent years (between 8 and 10% of the Jordanian gross domestic product)
13. In the recent years the most dynamic sector of the Jordanian economy has been the construction sector.
14. Jordanian industry comprises a broad range of products: meat products, fruits, vegetables, dairy, animal food, confectionery, soft drinks, snuff, olive oil, alcohol, and others
15. Jordan exports only 15% of his production
16. Currency: Jordanian dinar (JOD)
17. 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 the 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 are apparel and clothing, fertilizers, vegetables, and pharmaceutical products
5. Jordanian main imports are Mineral fuels, nuclear reactors, electrical machinery, and vehicles
6. Qualifying Industrial Zones: free access to the U.S. market
7. Free Zones (Aqaba and Zarqa)

Jordan has more Free Trade Agreements (FTA) than any other Arab country: United States, Canada, Singapore, Malaysia, Egypt, the European Free Trade Association (EFTA), Tunisia, Algeria, Libya, Lebanon, Turkey, and Syria

More Trade Agreements are provided with Iraq, the Palestinian Authority, the Gulf Cooperation Council (GCC) countries, Lebanon, and Pakistan.

Regional Economic 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)
7. Convention Relating to Temporary Admission
8. United Nations (UN)
9. World Bank (WB)
10. World Trade Organisation (WTO)
11. International Monetary Fund (IMF)

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