Challenges to Jordan-Egypt trade: Can joint committees overcome?

Economy

Published: 2023-08-09 16:05

Last Updated: 2024-06-20 14:51


Challenges to Jordan-Egypt trade: Can joint committees overcome?
Challenges to Jordan-Egypt trade: Can joint committees overcome?

Amidst the reassurances stemming from the meetings of the Joint Higher Committee between Jordan and Egypt, concerns have resurfaced regarding persistent obstacles within governmental procedures, particularly impacting economic and commercial domains.

The realm of food products stands out as one of the sectors confronting impediments when navigating exports to the Egyptian market while encountering similar challenges in the opposite direction.

The process of clearing goods earmarked for Egypt has led to disruptions and detrimental consequences for truck drivers and exporters. Delays in sampling procedures extend to around two weeks in Nuweibe', and at times, up to five days in Aqaba.

Adding to the complications, Egyptian firms impose transit fees of up to USD 1,000 on Jordanian trucks, lacking a transparent framework. In contrast, an Egyptian truck crossing toward Iraq incurs a fixed fee of USD 70.

The trade balance tips heavily in favor of Egypt, with a notable disparity of 9 to 1. Data illustrates that imports exceeded JD 400 million during the initial five months of the current year. In contrast, exports amounted to a total value of only JD 45 million.