ISDS Case Map
Jordan
Turkey has embarked on the road to a “Middle Eastern Union” as an alternative to the European Union, according to some observers, after Ankara unveiled its vision for a giant free-trade zone spanning from the Bosphorus to Sudan and Morocco.
Turkey aims to create a free trade zone without visa restrictions with Syria, Lebanon and Jordan, Foreign Minister Ahmet Davutoğlu told the Turkish-Arab Cooperation Forum (TAC), which began in İstanbul on Thursday.
Turkey, Lebanon, Jordan and Syria agreed yesterday to set up a free trade zone based on “existing bilateral agreements and practices on free trade and visa exemption” between the parties, adding that Turkey and Lebanon were required to complete a bilateral arrangement before the four-way process could go ahead.
Turkey's prime minister has urged Arab nations to unite and step-up efforts to end Israel's blockade on the Gaza Strip.
King Abdullah and the Brazilian president agreed to work intensively to wrap up talks towards the signing of a free trade agreement between Jordan and the Mercosur trade bloc, which comprises several Latin American countries, including Brazil.
After peaking at $1.42 billion in 2006, Jordanian exports to the US dropped to $866 million through the first 11 months of 2009 whereas the Kingdom’s imports from the US rose to $1.09 billion during the same period of last year.
Turkish President Abdullah Gul and Jordan's King Abdullah II signed a long-awaited free trade deal on Tuesday before holding talks on further boosting economic ties, the palace said.
Jordan and Turkey agreed on Saturday to sign a stalled Free Trade Agreement (FTA) before the end of the year.
Jordanian Prime Minister Nader Dahabi made a whirlwind visit Thursday to Baghdad, signing a free-trade agreement that Jordan hoped would serve as a catalyst for boosting trade with neighbouring Iraq
The US Government Accountability Office says bilateral free trade agreements signed by the United States work: they deliver new market opportunities for America's agriculture sector.
