ISDS Case Map
Bilateral deal-making involving governments of West Asia.
Photo: tbz.foto / CC BY-NC-ND 2.0
West Asia
Bilateral deal-making involving governments of West Asia.
Jordan and Turkey on Tuesday discussed prospects for sealing a new free trade agreement (FTA) following the Kingdom's suspension of the previous agreement.
The Jordan-Turkey agreement will be terminated in November 2018.
Jordan is planning to conduct a study to assess the economic impact of the EU Association Agreement and the EU deal on relaxed rules of origin to Jordanian industries.
The deal was suspended in March, but the following month Jordan announced it was willing to reactivate the agreement provided Turkey agreed to meet certain conditions.
Bahrain has agreed to continue to recognize US safety certifications for American food and agriculture exports to the Gulf nation.
Argentina is interested in signing a free trade agreement with Morocco in order to foster bilateral trade, said Argentinian Foreign Minister Jorge Faurie who is on a visit to Rabat.
The FTA with Turkey has not yielded the expected fruits, but has rather further tilted the trade balance in favour of the Turkish side, says Governement.
Relying the findings of a study by the Amman Chamber of Commerce, business leaders called for revisiting the Jordan-Turkish FTA, noting that trade balance was heavily in favour of Turkey.
The Indonesian and Iranian governments discussed tariff reduction in the fourth round of the preferential trade agreement negotiations to expand market access for Indonesian products.
Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman.
