At the end of March, Canada´s Minister of International Trade Peter Van Loan initiated the legislative process required to implement the Canada – Jordan Free Trade Agreement (FTA) and related labor and environmental cooperation agreements. Once in force, the FTA will grant easier access to Jordan, Middle East, and North African markets for Canadian companies, and vice-versa.
The FTA contemplates the total elimination of current tariffs on 99% of Canada’s recent exports to Jordan, giving Canadian companies a crucial opportunity to increase their participation in the region, especially in key sectors such as forestry, machinery, animal fed and agricultural products.
For its part, Jordan will benefit from the elimination of all tariffs on its imports into Canada with the exception of over-quota tariffs on dairy, poultry and eggs, which are excluded from tariff reductions. Jordan also seeks to benefit from wider access to investment, capital goods, and consumer goods. The additional agreements signed are aimed at enhancing environmental protection on the part of both countries and helping Jordan to develop more progressive labor regulations and rights.