Jordan Business
• Main exports: Phosphates, potash, fertilisers, pharmaceuticals and clothing.
• Main imports: Crude oil, manufactured goods, machinery and textile fabrics.
• Main trade partners: Saudi Arabia, USA, Iraq, China (PR) and India.
Economy
Jordan is a member of various pan-Arab economic bodies, notably the Council of Arab Economic Co-operation and the Arab Monetary Fund. Jordan also belongs to the World Trade Organization (WTO) and has a free trade accord with the USA and an association agreement with the EU.
Employment has proved a challenge for the government through the past decade and many Jordanian workers have moved abroad in search of employment - a trend the government is trying to reverse. To help improve productivity and make Jordan a more attractive country for foreign investment, the government has reduced its debt-to-GDP ratio. A major challenge now facing Jordan is reducing dependence on foreign grants.
Inflation in 2007 was 5.4%, while annual growth was expected to reach 5.7%. The official unemployment rate for 2007 was 30%.
Business Etiquette
Office hours: Sun-Thurs 0930-1330 and 1530-1800.
Government office hours: Sun-Thurs 0800-1500. During the month of Ramadan, working hours are greatly reduced.
Conferences & Conventions
Business Contacts
PO Box 1800, Amman 11118, Jordan
Tel: (06) 464 3001.
Website: www.aci.org.jo
Jordan Chamber of Commerce (JCC)
PO Box 7029, Amman 11118, Jordan
Tel: (06) 566 5492.
Website: www.jocc.org.jo
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