Those who are interested in economic affairs have called for supporting local industries, developing clear strategies aimed at increasing export and diversity markets, reducing trade balance deficits and achieving a stable economic balance.
They told the Jordan news agency that they should provide tax facilities and concessions to export products, reduce production costs, offer concessions for export industries and expand uninterrupted trade contracts to address the deficit of trade reserves.
They emphasized the need to provide encouragement to establish products to reduce imports to local investors, to control the import of non -basic products, improve local products, create regional logistics connections, and to improve the infrastructure of ports and land ports to support trade movement.
According to official statistics, the shortage of trade balance of the kingdom, which marks the difference between the value of imports and the value of the total exports, increased by 3.2 per cent by 2024 to 9.677 billion daily, compared to 9.376 billion in 2023.
In 2023, the kingdom of the Kingdom increased by 4.1 per cent to 8.579 billion daily, and the total exports increased by 5.8 per cent last year and registered 9.433 billion tinners in 2023.
In addition, the import of the kingdom increased by 4.5 per cent last year, reaching 19.110 billion daily, compared to 18.288 billion in 2023.
Amman Chamber of Industries Member, Eng. Musa al -Zatecat said exports increased by 5.8 per cent last year, but the trade deficit of the kingdom increased by 3.2 per cent compared to 2023.
He is due to the lack of importing imports in the export rate, and the export safety rate for imports is reduced, as the safety rate was 49 per cent, and the growth of exports was inadequate to compensate for high imports, that is, at the end of last year.
He added that one of the reasons for the high deficit is the exportance of the sector, the sector of the sectors of the sectors of the sector, the sectors of the sector of the sector, the particles of the sectors (clotting) Seconds Such as Fertilizers, Phosphates and Jewelry Witness A Decline Led to a decline in export value.
He pointed out the need to adopt integrated policies that improve exports and control the importation, and instead of exporting raw materials, instead of exporting raw materials, upgrading the products of products and providing tax amenities and incentives to high -value products by supporting products.
He has attracted attention to local production, instead of importing local products, instead of importing local products, and promoted the consumer needs for local investors, instead of importing local products, diversification of export markets, reduction in low number of markets, reduce imports and support local industries.
Al -Zaqet emphasized the need to strengthen local labor training programs and increase their performance and productivity in the exported industrial sectors by improving the business environment and reducing the cost of energy prices.
For his part, economist Dr. Noah Al -Shayab stressed that Jordan is still suffering from a long -term deficit in trade balance, noted that the value of imports is more than continued exports despite significant improvement in the performance of national exports last year.
The increase in data provided by the Public Statistics Department increased by 4.1 per cent and 5.8 per cent of total exports, but this increase was not enough to compensate for the increase in the import of 19.110 billion, which led to an increase of 4.5 per cent, which led to an increase in trade deficiency.
He pointed out that the percentage of export safety for imports does not exceed 49 percent, which highlights the big gap in trade balance, emphasizing that Jordan should double the value of its exports.
The most important ingredients that contributed to high Jordanian export, pharmaceutical products and chemical fertilizers, found a significant decline in raw phosphate and raw potash, as part of the complex geopolitical conditions in the region, which negatively affected the supply contact.
Al -Shayab pointed out that the European Union and the United States have recorded significant growth of Jordanian exports to the Arab Freedom Trade Zone, especially Saudi Arabia and Iraq, in addition to the US and the United States within the bilateral free trade agreement.
On the other hand, he explained that imports from Arabic, especially India and China have increased imports from Saudi Arabia and the United States.
He emphasized the need to focus on supporting local industries and improving national production, as well as creating a clear strategic plan to reduce chronic deficit in trade balance and achieve stable economic balance.
In Turn, the Professor of Economics at the University of Jordan, Dr. RAAD AL -TALL, TATTA INCREASING IN THE TRADE BALANCE OF Jordan During the Past Year Due to the High Value of the Import, As the Import Bill Increased Due To increase the local demand for imported goods, and the weak jordanian exports that was because of the frowth in some targets, in the manufacture and transportation of the high costs.
He also noted regional and international challenges, as geopolitical tensions and global distribution chains disruptions negatively affected the movement of trade, in addition to the collapse of foreign investment, the decrease in the flow of investment was negatively reflected in the manufacturing sectors, which led to poor export capacity.
One of the potential policies and procedures to address the deficit is to support the export of export, export free trade contracts, expand free trade contracts, and promote local and foreign investment by attracting new investments in manufacturing sectors.
By controlling the import of basic non -fundamental products, by depending on local products, by searching for new markets, diversifying export markets, improvement of export to African and Asian markets, supporting the competition of Jordanian companies and in addition to improving the new markets and the search for new markets, and the export of new markets. Pointed.
For his role, Dr. Qasim al -Hamuri, the economist of the University of Yarmuk University, stressed that the increase in trade deficit came as a result of regional conditions, especially the Israeli occupation of the Gaza fragment, which negatively affected the trade movement.
The fall of the global demand for Jordanian products, the high cost of shipping and marine insurance, contributed to reduce exports, while the imports and most of them are food and production inputs, which have not diminished at the same speed, which has increased the deficit.
He has called for the next stage to stimulate exports by searching for new markets and to improve the quality of the Jordanian production to increase its demand, in addition to the use of potential improvement in the Syrian environment to expand export stalls.
For his part, economist Dr. Ahmed al -Majali said that the progress was inadequate to fill the increasing business gap, despite the significant growth of national exports last year compared to 2023.
This deficiency is mainly dependent on imports, especially in raw materials, fuel and consumer goods, Jordan’s fuel and its descendants have 2.6 billion darks, one of the highest regulations of imports, which are included in the import and operations of intermediate goods and capital products.
The increase in domestic demand for consumer goods contributed to raising the value of imports, whether it was going or perennial, and contributed to the increase in imports, not similar to the rise in the exports of these goods.
To deal with the deficit of trade reserves, it is necessary to accept a set of integrated economic policies, where local production must be upgraded in the distributed sectors with imports such as food and pharmaceutical industries and some components of manufacturing industries.
He emphasized the need to expand and diverse the export site by supporting higher value industries, improveing the quality of Jordanian production, and facilitating its refusal to new markets, especially in East Asia and Africa.
He called to control the unnecessary import of luxury products, and the consumer must encourage consumer to desire local production by provoking national campaigns and tax policies, and alternative energy projects will contribute to reduce the cost of importing fuel, which reduces the pressure on future trade balance.
Al -Majali pointed out that strengthening regional logistics connectivity, creating infrastructure of ports and land ports can help reduce exports and increase Jordan’s competitiveness in neighboring markets. Pethra
