The Canada-Jordan Free Trade Agreement (FTA) is an agreement between two countries that enables them to trade goods and services with each other without any restrictions. This agreement was signed on 28 June 2009 and came into effect on 1 October 2012.
The Canada-Jordan FTA is aimed at expanding and diversifying the trade relationship between Canada and Jordan. The agreement has eliminated tariffs on a wide range of goods and services traded between the two countries. This has created new opportunities for Canadian and Jordanian businesses to trade with one another, which has led to increased economic growth and job creation.
The Canada-Jordan FTA has also helped to increase the competitiveness of Canadian businesses in the Jordanian market. This has been achieved through the elimination of trade barriers and the creation of a level playing field for Canadian businesses operating in Jordan. Furthermore, the agreement has helped to strengthen Canada`s relationship with Jordan and the Middle East as a whole.
The Canada-Jordan FTA covers a wide range of goods and services, including agricultural products, industrial goods, and services such as telecommunications, financial services, and professional services. The agreement also includes provisions on government procurement, intellectual property, and dispute settlement mechanisms.
To take advantage of the benefits of the Canada-Jordan FTA, businesses must ensure that their products and services meet the requirements set out in the agreement. This includes complying with rules of origin, which determine whether a product is eligible for preferential treatment under the FTA. Businesses must also ensure that their products and services meet the relevant regulatory requirements in both Canada and Jordan.
In conclusion, the Canada-Jordan FTA is a valuable agreement that has created new opportunities for Canadian and Jordanian businesses to trade with each other. This has led to increased economic growth, job creation, and improved competitiveness in the Jordanian market. To take advantage of the benefits of the agreement, businesses must ensure that their products and services meet the relevant requirements set out in the FTA.