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Jordan » BusinessStatistics• GDP: US$11.9 billion (2005 estimate).
• Main exports: Phosphates, potash, fertilisers, chemicals and pharmaceuticals. • Main imports: Crude oil, wheat, sugar, meat and machinery. • Main trade partners: USA, Saudi Arabia, Iraq, China (PR) and India. EconomyJordan’s agricultural sector produces tomatoes, citrus fruit, cucumbers, watermelons, aubergines and wheat, mostly grown in the fertile ground along the Jordan Valley. Phosphate mining and potash extraction are the traditional industries, but oil refining, chemical manufacturing, food processing, and the production of metals and minerals also contribute to this sector.
The service sector accounts for around two-thirds of total output and covers wholesale and retail trading, finance, transport and tourism. During the latter years of King Hussein’s rule, some economic reforms based on the customary package of deregulation and privatisation were instituted. These brought the country’s rampant inflation under control but failed to dent the country’s massive unemployment problem. These reforms have, by and large, continued under King Abdullah. Many Jordanian workers have moved abroad in search of employment and their remittances are an essential means of support for many families. Jordan is a member of various pan-Arab economic bodies, notably the Council of Arab Economic Co-operation and the Arab Monetary Fund. The government liberalised the trade regime sufficiently to secure Jordan’s membership of the World Trade Organization (WTO) in 2000, a free trade accord with the USA and an association agreement with the EU in 2001; these measures have helped to improve productivity. Inflation in 2005 was 3.5%, while annual growth was expected to reach 7.7% in 2006. Business EtiquetteEnglish is widely spoken in business circles. Avoid Friday appointments. A good supply of business cards is essential. Formality in dress is important and men should wear a suit and tie for business meetings.
Office hours: Sun-Thurs 0930-1330 and 1530-1800. Government office hours: Sun-Thurs 0800-1500. During the month of Ramadan, working hours are greatly reduced. Business ContactsAmman Chamber of Industry (ACI)
PO Box 1800, Amman 11118, Jordan Tel: (06) 464 3001. Website: www.aci.org.jo Jordan Chamber of Commerce (JCC) PO Box 7029, Amman 11118, Jordan Tel: (06) 566 5492. Website: www.jocc.org.jo Conferences & ConventionsMost of Jordan’s top hotels have fully equipped conference facilities. Large, world-class events are usually held in the King Hussein Bin Talal Conference Centre (website: www.dscc.jo) on the Dead Sea or the Zara Expo (website: www.zaraexpo.com) in Amman.
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Content in the country guide is updated every 3 months and is to the best of our knowledge accurate and up-to-date. The information contained is intented as a general guide - any opinions or travel advise expressed are not necessarily those of AME Info FZ LLC.
The information is provided in association with Columbus Travel Publishing Limited and my not be republished or reproduced in anyway without the prior written consent by the publisher.
All information made available from within this product is provided without warranty of any kind, either express or implied, including but not limited to, any warranties as to merchantability, non-infringement or fitness for a particular purpose. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from this information.
AME Info FZ LLC or Columbus Travel Publishing Limited shall not be liable for any technical, editorial or typographical or other errors or omissions within the information accessible through this product.
Whilst changes are periodically made to the information herein AME Info FZ LLC or Columbus Publishing Limited does not warrant that information currently accessible is either up-to-date or accurate.
All product names mentioned herein are subject to the trademarks and/or trademark rights of their respective owners.
3D Animated Flags used in this section is courtesy of www.3DFlags.com
Please contact us if you have any questions or corrections to the content in this section.
Information in this section was last updated: Tuesday, April 01 - 2008
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