The Royal Speech always reveals the state’s roadmap through its political, economic, and social institutions, outlining the general vision for the upcoming phase. It also documents the progress of democratic life in the Kingdom.
اضافة اعلان
Despite its turbulent surroundings, Jordan remains steadfast, and will continue to be a land of peace and security.
"Our goal is to provide a decent life and empower the youth, preparing them for the jobs of the future. We must continue to implement the Economic Modernization Vision to unlock the potential of the national economy and raise growth rates over the next decade. Jordan has human competencies and strong international relations that are capable of driving growth."
This was clearly and explicitly stated by His Majesty in the Royal Speech. So, how can Jordan's human resources and competencies, and its international relations be key drivers for growth?
Certainly, Jordan possesses a wide range of qualified human capital across various fields such as education, technology, medicine, and entrepreneurship. In addition, Jordan enjoys a unique geographical location and strong relationships with countries around the world. If these human competencies are properly invested in and its international relations strategically leveraged, they could significantly contribute to increasing economic growth.
These competencies need to be invested in all aspects: academic, professional, and training, to prevent what is commonly referred to as the "brain drain." This will allow these competencies to become a valuable asset to the economy.
Regarding the distinguished international relations mentioned by His Majesty in the Royal Speech, these are embodied in a number of trade agreements signed over the past years.
These agreements are considered fundamental tools that Jordan can benefit from to enhance economic growth. Some of the most important agreements Jordan has signed with major countries and economic groups include:
1. Free Trade Agreement with the United States: This agreement allows Jordan to export its products to the U.S. market without customs duties, which has significantly boosted exports and stimulated local industries. This opportunity should be further utilized by various industrial sectors, not just the garment sector.
2. Partnership Agreement with the European Union: This agreement provides Jordan with access to European markets with certain facilitation measures, contributing to attracting European investments. However, this agreement has not been fully utilized and has led to a significant trade deficit.
3. Trade Agreements with Arab Countries (Greater Arab Free Trade Area): These agreements have greatly facilitated trade between Arab countries and enhanced regional economic integration.
4. Agreements with Asian Countries: This includes the free trade agreement with Singapore, as well as economic agreements with China and India, which could open new avenues for Jordanian exports.
The significance of these agreements lies in increasing the export of Jordanian products to broader markets and attracting foreign investment, creating a favorable environment for investors through legal and commercial guarantees.
Overall, these agreements contribute to diversifying the economy and open up opportunities for developing new sectors in industry, technology, and services.
However, Jordan must enhance its competitiveness in global markets by focusing on innovation, improving product quality, developing infrastructure to support exports, and investing further in these relationships by signing new agreements with other countries.
.jpg)
.jpg)
