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Eu Jordan Free Trade Agreement

In July 2016, the EU and Jordan agreed to simplify the rules of origin applied by Jordanian exporters in their trade with the EU. Both parties reviewed and improved this initiative in December 2018. The pan-Euro-Mediterranean cumulative system was introduced in 2005. It brings together the EU, Jordan and other European and Mediterranean partners to support regional integration through the creation of a common system of rules of origin. Rules of origin are the technical criteria for determining whether a particular product is eligible for duty-free access or other preferential access under a specific trade agreement. The aim of the CCFTA would be to support economic reforms in Jordan, to bring Jordan`s trade-related legislation closer to that of the EU, and to create additional trade and investment opportunities through Closer integration of Jordan into the EU internal market. The accumulation of origin means that a product can be processed from a partner country or can be added to a product from another partner country, but can nevertheless be considered a « product of origin » of that second partner country for the purpose of a specific trade agreement. The free trade agreement applies to trade in industrial products, fish and seafood products and processed agricultural products. In addition, bilateral agricultural agreements have been concluded between the various EFTA countries and Jordan, which are part of the free trade area`s creation instruments. One of the objectives of the agreement (Article 1) is to promote the harmonious development of economic relations between the parties through the extension of reciprocal trade. Until 2014, virtually all tariffs on trade in industrial products, fish and other seafood were abolished.

The agreement contains provisions relating to the elimination of tariffs and other trade barriers, as well as other trade-related disciplines, such as competition rules, intellectual property protection, public procurement, state monopolies, state aid, payments and transfers. As part of the agreement, a joint committee is set up to oversee the implementation of the agreement. Intellectual property protection provisions (Article 17 and Appendix VI) include, among other things, patents, trademarks, copyrights and geographical indications. The EU and Jordan have developed their free trade agreement through additional agreements on agricultural, agri-food and fisheries products, as well as through a bilateral dispute settlement mechanism that came into force in 2007 and 2011 respectively. Trade relations between the EU and Jordan are governed by the Association Agreement, which came into force in May 2002. This agreement has created a free trade area that opens up trade in goods between the EU and Jordan in both directions. The agreement covers trade in all fish and other seafood (Annex II). As soon as the agreement enters into force, EFTA states grant duty-free access to imports of all Jordanian fisheries products. Until 2005 (three years after entry into force), the remaining Jordanian tariffs on certain fishing products were reduced to zero.