News Center

As a country along the "Belt and Road", the relationship between Jordan and China has developed steadily and continuously in-depth in recent years. China is Jordan's largest source of imports and its third largest trading partner. China and Jordan complement each other's advantages. In order to gain an in-depth understanding of Jordan's investment and development opportunities, the research team led by Yang Jichao, vice chairman of the China Textile Industry Federation, went to Israel for field research and continued to conduct investment environment research in Jordan. Lin Yunfeng, director of the International Trade Office of the China Textile Industry Federation and secretary-general of the China Textile International production capacity Cooperation Enterprise Alliance, qu Jing, vice president of the China Knitting Industry Association, Li Ruiping, vice president of the China Printing and Dyeing Industry Association, Li Guimei, vice president of the China Industrial Textile Industry Association, and representatives of some key entrepreneurs accompanied the investigation.
Jordan is located in the northwest of the Arabian Peninsula, adjacent to Israel, Palestine, Syria, Iraq, and Saudi Arabia. It is located at the intersection of the three continents of Asia, Europe and Africa. It has the only outlet to the sea in the Red Sea-Aqaba Port. It has been in the Middle East since ancient times. The main route of trade. Jordan's political situation is generally stable, its foreign policy is neutral, its economic and trade environment is well developed, and its regional advantages are very obvious. It has the title of "Middle East Gate.

Business talks with the Ministry of Industry and Trade of Jordan, Jordan Investment Commission, Jordan Industrial Zone Company and relevant industry associations

Accompanied by Xiao Wensheng, Economic and Commercial Counselor of the Chinese Embassy in Jordan, the delegation held business talks with the Jordanian Ministry of Industry and Trade, the Investment Commission and other institutions. Mr. Qatarneh, Under-Secretary-General for Technical Affairs of the Ministry of Industry and Trade, briefed the delegation on the latest developments in the free trade agreement signed by Jordan. Although Jordan has a small population and limited market, its radiation market conditions are better. At present, it has signed free trade zone agreements with the United States, Canada, Singapore and other countries. In December 2018, the agreement between Jordan and the European Union on simplified rules of origin made new progress and reached a new agreement. According to the new agreement, before December 2030, the EU will provide Jordan with a policy of "preferential treatment for the least developed countries", which will undoubtedly provide more convenient conditions for investors to enter the European market.

02 with the Jordan Investment Commission, the Jordan Chamber of Industry and other units to conduct work seminars. Mr. Fareedon Hartoqa, Secretary-General of the Jordanian Investment Commission, extended a warm welcome to the delegation and thanked the Economic and Commercial Office of the Chinese Embassy in Jordan for its extensive work in promoting economic and trade exchanges between China and Jordan. The investment committee hopes that more Chinese enterprises will invest in Jordan. Investment enterprises can make full use of the advantages of free trade agreements signed between Jordan and North America, the European Union, Asia and 18 Arab countries to enter the markets of the United States, the European Union and neighboring Arab countries. In recent years, the Jordanian Investment Commission has continuously strengthened its understanding of China by visiting Shanghai, Xiamen and other cities, and plans to participate in the investment forum held in China in September this year, hoping to let more Chinese enterprises understand Jordan's investment environment.

The head of the clothing and leather department of the Jordanian Chamber of Commerce said in the discussion that the clothing industry is one of the main industrial industries in Jordan, and the Jordanian government attaches great importance to the development of the clothing industry, which has developed well in recent years. it has played a great role in promoting local employment and promoting the development of the national economy. From 2016 to 2018, the growth rate of Jordan's clothing exports remained at an average annual rate of about 10.6 percent. In 2018, Jordan's clothing exports totaled US $1.8 billion billion, accounting for 25 percent of the country's total exports. The clothing industry provided more than 70000 local jobs. At present, there are more than 1000 garment and leather enterprises in Jordan, including knitting, embroidery, carpets, shoes and other industries, of which 65 are pure export-oriented garment enterprises.

During the discussion, Vice President Yang Jichao said that through this survey, we can see the determination of the Jordanian government to attract foreign investment, and Tongjin also learned that the Jordanian government has created many favorable conditions for investors. Welcome the Jordan Investment Commission to introduce Jordan's overall investment situation at the exhibition hosted by the China Textile Federation, so that more Chinese textile and garment enterprises can understand Jordan.

03 The delegation was warmly received by Jordan Industrial Zone Company (Jordan Industrial EstatesCompany), Irbid City Chamber of Commerce and other institutions, and the two sides held a working forum.

It is understood that Jordan Industrial Zone Company was established in 1980 to improve Jordan's investment environment, make Jordan's investment more attractive, accelerate Jordan's industrialization, and make significant contributions to Jordan's economic development and social prosperity since its establishment. Of the 12 industrial zones under its management, 6 have been completed and used, 4 are under construction (planned to be put into operation in 2019), and 2 more will be built in the future. The main preferential measures provided by the industrial zone for investment enterprises in the zone are: income tax reduced from 14% to 5%; No sales tax is levied on any activity involving industrial practices; No import duties are levied on all materials, instruments, machinery and equipment used for construction and equipment projects; No social service tax is levied on all income accumulated in the development zone; No dividend tax is levied on all income generated in the development zone.

Visit and inspect local garment enterprises
01 Classic Fashion Apparel, Ltd. entered the Hassan Industrial Park in 2003. It is the largest garment manufacturer in Jordan, mainly processing and producing sports and leisure clothing. All products are exported to the US market, with an annual export value of about US $0.6 billion. Its export accounts for about 1/3 of Jordan's total garment export value, employing 24000 people, of which 65% are from Bangladesh, 25% are local employees and 10% are from other countries. The company's end customers include Under Armour, GAP, AmericanEagle, Adidas and other internationally renowned brands.

02 Yehui Garment Company has been in Jordan for more than ten years, mainly making POLO shirts and casual clothing processing for American brand Ralph Lauren. All the flour accessories used in the production of clothing come from China. At present, the company has more than 500 employees from five countries.
Hassan Industrial Zone is located in Irbid City, north of Amman, the capital of Jordan. Founded in 1991, it is currently the largest QIZ qualified industrial zone in Jordan. Relying on its preferential tax rate for exports to the United States and Europe, the park has attracted textile and garment enterprises from the United States, India, Singapore and other countries to invest and build factories here. At present, there are 151 enterprises in the park, with a total export volume of US $0.517 billion in 2018, which has solved the employment of 27,317 local people.
The tariff-free preference for exports to the United States market is the main factor that attracts the two companies to choose to invest in Jordan.

03 Zunwei Garment Co., Ltd. is located in the AL-tajamouat Industrial Zone in Amman, the capital of Jordan. The company is headquartered in Hong Kong, China. It was listed on NASDAQ in the United States on December 3, 2018. It is the first in Jordan and even Arab World. Clothing companies listed on Nasdaq. At present, the company has 3300 employees, with an annual operating income of US $62 million and an annual output of 8.2 million pieces of clothing. Its products are mainly exported to the United States and the United Kingdom, 80% of which are exported to the United States and 20% to the United Kingdom. The company's end customers include 19 brand enterprises such as the North Face, Cloumbia, Dicks and Disel.
During the delegation's stay in Jordan, through talks with the Ministry of Industry and Trade of Jordan, the Jordan Investment Commission, the Jordan Industrial Zone Company and other government agencies and industry associations, the delegation exchanged experiences with garment enterprises investing in Jordan, and gained a deeper understanding of the development status and overall investment environment of Jordan's textile and garment industry. In addition, the surface accessories of Jordanian garment enterprises mainly rely on imports, which also provides cooperation opportunities for Chinese fabric manufacturers.