INVESTMENT AND TRADE PROMOTION
Drive FDI and Promote Export Development of Products, Services, and Markets
Jordan is pressing ahead with market reforms to attract foreign direct investment. This pillar aims to attract domestic and foreign investment, facilitate international trade, and create a business-friendly environment that supports economic growth. This pillar also seeks to position Jordan as a competitive and attractive destination for investment and trade, driving economic prosperity and contribute to the overall development by issuing instructions and strategies regulating and promoting the investment environment.
This pillar also focuses on the continuous efforts toward fulfilling Nationally Determined Contributions NDC commitments to fight climate change and moving focus into climate-responsive investments.
Reform Area
4.1 INVESTMENT ENVIRONMENT AND PROMOTION
Achieved
2018 – 2023
22 sectors / activities liberalized, foreign ownership in permitted sectors/activities allowed
Investor’s Guide and Syrian Investor’s Guide published
New Investment Law adopted
New incentives framework adopted
New investment promotion strategy adopted
New investment bylaw adopted
In Progress
2024
National Investment Roadmap Adopted
Reform Area
4.2 TRADE FACILITATION AND EXPORT PROMOTION
Achieved
2018 – 2023
Revised Customs Law approved (Silver List and National Single Window)
Export promotion program launched with private sector
Customs Declaration Forms streamlined
Expand public prosecution jurisdiction patents
Trademarks e-filing system launched
Jordan Exports established to promote exports in partnership with the private sector
Customs National Single Window launched
Cut-off time to receive and upload export cargo to port reduced from 48 hours to 8 hours
Customs Legislations approved to streamline trade procedures in accordance with the NSW
Advance Ruling Bylaw enacted
Advance Ruling procedures digitized
Export clearances digitized
Customs Preclearance Bylaw and Instructions for export and import enacted
NSW upgraded
Customs tariffs restructured (phase 1)
Trade and trade-related permits electronic system launched
National E-Commerce Strategy /action plan adopted and implemented
Unified border control and inspection framework adopted and implemented
Quarantine storage established
In Progress
2024
New PCA regime implemented
Simulation center established to facilitate customs’ inspection
New risk-based system deployed (national targeting center)
Electronic certification of origin system launched
Customs tariffs restructured (phase 2)
Modern regulatory and operational framework for a PCA regime designed
International accreditation for organic certification obtained by JSMO
Electronic platform for registration of products conformity certificate developed
Trade and trade-related permits electronic system expanded to contain more entities and services
Reform Area
4.3 QUALITY INFRASTRUCTURE
Achieved
2018 – 2023
Updated national quality policy and national quality strategy adopted
In Progress
2024
Climate Change Center of Excellence framework adopted
National food traceability program adopted
Reform Area
4.4 DIGITAL ECONOMY INFRASTRUCTURE
Achieved
2018 – 2023
Partial leasing of broadband via a PPP model issued by COM
Open API policy developed
Faster Payments solution launched by JoPACC with support with CBJ
Instructions for onboarding of e-wallets enacted
Circular facilitating compliance for opening MSME e-wallets issuedTax registration process digitalized
IoT Instructions enacted
Digital entrepreneurship Strategy adopted to assess the entrepreneurship ecosystem and identify key gaps in entrepreneurship
Licensing 5G telecommunication services studied in order to be adopted
Digital Transformation Strategy adopted
Open Finance Framework issued by CBJ
IBAN verification service activated
5G spectrum awarded
Personal Data Protection Law enacted
In Progress
2024
National broadband network developed
Digitize government payments and receipts activated
Reform Area
4.5 CLIMATE RESPONSIVE INVESTMENTS
Achieved
2018 – 2023
National Green Growth Action plans issued
Definition and eligibility criteria for government and non-government capital expenditure for climate responsive projects issued through instructions
2030 Climate Investment Pipeline and Mobilization Plan approved
In Progress
2023 – 2024
2030 climate financing plan and Jordan Long Term LED Strategy 2050 adopted
Reform Area
4.6 FRAMEWORK FOR NDC GOALS
Achieved
2018 – 2023
NDCs updated
Updated National Climate Change Policy issued
MRV system developed
Roadmap for operationalizing Climate Finance Governance System adopted
National Adaptation Plan issued
National GHG Registry operational and one carbon market transaction launched
In Progress
2024
Climate Finance Governance System updated to include a citizen engagement action plan and a Gender and Climate Change Strategy 2030
Line Agencies
