Jordan Gets Zero-Tariff Trade Deal with Brazil and Mercosur

    Foreign minister Celso Amorim signed for Brazil

    Foreign minister Celso Amorim signed for Brazil The countries of the Mercosur trading bloc (Brazil, Argentina, Paraguay and Uruguay) signed, during the summit that took place this week in the city of Tucumã, Argentina, a framework agreement with Jordan. The signing is the formal release of negotiations between the South American bloc and the Arab country for a trade agreement.

    The agreement was signed July 1st by the business attaché of the embassy of Jordan in Santiago, Chile, Hazem Al Khatib, and by the ministers of Foreign Relations of the countries of the Mercosur.

    On behalf of Brazil, the agreement was signed by Foreign Minister Celso Amorim. According to the director of the Foreign Negotiations department at the Brazilian Foreign Office (Itamaraty), Evando Didonet, who participated in the summit, the document already states that the final agreement with Jordan will be for free trade.

    This means that there will be zero tariffs for import and export between both regions and that practically the whole trade basket should be included. In the case of a tariff preference agreement, the number of products included is lower.

    Didonet stated that the intention is to begin talks during the temporary Brazilian presidency of the Mercosur, which began in the last summit and should go on up to the next summit, in December this year. The objective is to organize at least one more meeting before that date.

    The initiative of establishing an agreement with the Mercosur came from Jordan. The country showed interest through a request made to the secretariat of the South American bloc, at the end of last year, when the group was presided by Uruguay.

    After the final agreement is signed, it should boost trade between the countries of the Mercosur and Jordan. Brazilian exports to the country are already on the rise. Between January and May this year, Brazil sold US$ 111.9 million to Jordan. There was expansion of 7.4% over the same months in 2007.

    The main products exported by Brazil to the Arab country were meats, sugar, aluminum and coffee. Jordan, in turn, had a 78% reduction in sales to Brazil in the same period, which fell to US$ 536,000 and involved mainly aluminum, garments and inorganic chemical products.

    Jordan is in the Middle East and has around six million inhabitants. The country has a large part of its economy – 86.2% – connected to the service sector. Industry answers to 10.3% of the Gross Domestic Product and agriculture to 3.5%.

    The local industry produces garments, phosphates, fertilizers, pharmaceuticals, cement, potassium, chemical products and also refines oil. In agriculture, production involves foods like tomatoes, fruit, cucumber and olives. The country also produces chicken and lamb.

    Anba

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil's Eike Batista

    This Brazilian’s Promise: To Become the Richest Man on the Planet

    Brazil’s billionaire Eike Batista said that he expects to become the world’s richest person, ...

    Milton Hatoum

    Brazilian Literary Masterpiece, The Brothers, Becomes Play

    Dois Irmãos (The Brothers), a book by Brazilian author Milton Hatoum, is going to ...

    Brazil’s Sacramento: Memorable Sound

    Marcos Sacramento made his first major statement as a solo artist in 1994 with ...

    The Boys in the Band

    Aline couldn’t believe that Eugênio was saying all those things, asking for time, putting ...

    Brazil's Supreme Court

    Brazil: Defense Tells Supreme Court Mensalão Corruption Scheme Never Existed

    José Luis de Oliveira Lima, the defense lawyer for José Dirceu, the former presidential ...

    Uruguay's pulp mill

    Brazil Waits Formal Request to Monitor Argentina-Uruguay Dispute

    The Brazilian government says it’s willing to help Argentina and Uruguay with the joint ...

    Iran president at the UN

    Ahmadinejad’s Visit to Brazil: Congress Divided, New Protests Planned

    Brazilian president's special adviser for International Affairs, Marco Aurélio Garcia, told reporters this Tuesday, ...

    Hugo Chavez greets Dilma Rousseff

    Will Brazilians Elect a Pro-Bolivarian Former Terrorist as President?

    Bearing in mind that the dominant species of our planet consists of blemished human ...

    Brazil’s Gang Violence Die Down. Death Toll Stays at 170.

    The gang violence that rocked Brazil’s prisons and its largest city for a week, ...