New agreement replaces Jordan-Turkey FTA — JCI

AMMAN — The recent Jordanian-Turkish trade agreement has replaced the free trade agreement (FTA), President of Jordan Chamber of Industry (JCI) Fathi Jaghbir said on Wednesday.

Jaghbir, in a press statement, pointed out that the new agreement advances bilateral economic relations that equally serve both sides’ interests.

Suspending the Jordanian-Turkish FTA, he said, has reduced the trade deficit and protected Jordanian-made products from the influx of Turkish imports, the Jordan News Agency, Petra, reported.

Jaghbir said the new agreement aims to exchange expertise and conduct mutual visits through the establishment of a joint economic committee.