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Singapore - Jordan Free Trade Agreement

JordanJordan

Area of Cooperation

Goods, Services (Financial, Communications and Transportation - with the exception of core air transport), Investment, Dispute Settlement

Sign Date

January 1, 2004

In Force Date

December 31, 1969

Summary

The Singapore-Jordan Free Trade Agree is a first for both.  It is the first FTA Singapore has signed with a Middle Eastern country and Jordan’s first with an Asian country.  Along with signing the FTA, both countries created a Bilateral Investment Treaty.  Singapore hopes to gain deeper access to the Middle Eastern region through Jordan.    The agreement encourages business alliances, exploration and opportunities.  Upon implementation, products from Jordan will receive no customs duties and those coming from Singapore will see a gradual reduction of customs duties.

http://www.jftp.gov.jo/Singapore.htm

Scope

                                                               i.      Cross-Continental Bilateral

 
Rules of Origin

                                                               i.      No heading change mentioned

                                                             ii.      35% minimum value

                                                            iii.      No specific process required

 
Contingency

                                                               i.       Anti - Dumping : WTO plus

                                                             ii.       Countervailing Duties : According to WTO commitments

                                                            iii.       Safeguards : According to WTO plus some specifications on the process

 
News/Studies

                                                               i.      Singapore, Jordan seal free trade deal”  http://www.mafhoum.com/press7/193E19.htm

                                                             ii.      Singapore, Jordan expect to sign bilateral FTA by July”      http://findarticles.com/p/articles/mi_m0WDP/is_2004_Feb_17/ai_113341782

 
Additional Links

                                                               i.      http://www.iesingapore.gov.sg/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4g3C_UDSYGY5oFm-pFoYo4YImah3phiIWEIMV-P_NxU_SB9b_0A_YLc0NDQiHJHAHufKCs!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzBfNlVQ

                                                             ii.      http://www.jordaninvestment.com/pages.php?menu_id=186&local_type=0&local_id=0&local_details=0&local_details1=0&localsite_branchname=JIB