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US commerce official highlights strong U.S.-Jordan trade relations

Jordan Daily – Arun Venkataraman, the U.S. Assistant Secretary of Commerce for Global Markets, highlighted the strength of trade relations and economic cooperation between Jordan and the United States in a recent statement.

Venkataraman praised the depth of the economic and trade partnership, noting Jordan’s early adoption of the U.S. free trade agreement in 2001, as reported by the Jordan News Agency, Petra.

The U.S. has emerged as Jordan’s third-largest trading partner, with Jordanian exports to the U.S. comprising a significant 20% of the country’s total exports. Venkataraman expressed satisfaction at the widespread acceptance of American brands in Jordan, attributing this to the strong ties and mutual respect between the two nations, which he believes are key to their flourishing economic relationship.

Venkataraman also outlined potential areas for further collaboration, emphasizing the need to improve the business environment, promote transparency, and address any barriers that could impede the expansion of trade partnerships.

In a testament to the growing momentum in bilateral trade, Jordan’s exports to the United States increased to JD320 million in the first two months of 2024.

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