Updated Monday, June 29, 2009 10:57 am TWN, AP

Jordan, Canada sign free trade agreement

AMMAN, Jordan -- Canada has signed a free trade agreement with Jordan, its first with an Arab country.

The agreement, signed Sunday in Jordan's capital, Amman, will give the Mideast country preferential trade conditions, including full exemption from customs duties for Jordanian goods.

In return, Jordan will reduce customs duties on Canadian products over a transitional period of four years. Forestry, manufacturing, agriculture and agri-food are expected to benefit from immediate duty-free access.

The deal is expected to be ratified by both parliaments later this year.

Bilateral trade stood at about US$80 million in 2008, according to the Canadian Embassy in Amman, which announced the new agreement.

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	Canadian Minister of International Trade Stockwell Day, left, and Jordanian Minister of Industry and Trade Amer Hadidi, right, shake hands after signing the Free Trade Agreement between Jordan and Canada in the presence of Jordanian Prime Minister, Nader al-Dahabi, center, in Amman, Jordan, yesterday. (AP) Enlarge Photo

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