Trade Ministry receives WTO delegation

By JT - Jun 17,2023 - Last updated at Jun 17,2023

AMMAN — Secretary-General of the Ministry of Industry, Trade and Supply Dana Al Zou’bi received a delegation from the Secretariat of the World Trade Organisation (WTO) as part of the third review of Jordan's trade policy.

The WTO delegation held several bilateral meetings with over 30 relevant government entities and institutions at the ministry.

According to a statement issued by the ministry on Saturday, the discussions focused on significant developments in the Kingdom's trade policy during the review period (2016-2022), the Jordan News Agency, Petra, reported.

Reforms related to the trade, economic and investment environment were highlighted, including noteworthy amendments to laws, regulations and legislation.

This is Jordan's third review since joining the WTO in 2000, following successful reviews conducted in 2008 and 2015.

The WTO delegation commended Jordan for taking substantial measures to achieve significant progress in its trade policies during the review period (2016-2022). These measures include revisions to the applied tariff categories, adjustments to tax brackets to provide economic support for the recovery of Jordanian economy post-COVID-19, amendments to the government procurement law and initiatives to stimulate the investment environment through modern investment legislation.

This visit is considered a crucial requirement for the successful completion of the review, which commenced approximately a year ago and will end in special meetings held at the WTO headquarters in September of this year. The meetings will involve the participation of the Jordanian delegation, led by the Minister of Industry, Trade and Supply, and representatives from all WTO member states to discuss the report prepared by the WTO Secretariat.

The review report holds significant importance as one of the primary reports issued by the WTO. It serves as an internal assessment tool for trade policies and provides an overview of the trade, economic and investment performance of member states.

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