Widening Trade Deficit Between Iraq and Jordan Exceeding One Billion Dollars

dijlahpoint - Economic data showed a widening gap in the trade balance between Iraq and Jordan during the first eight months of the current year, recording a notable increase in Jordanian exports against a sharp decline in Iraqi exports to the kingdom. Jordanian exports reached 1.134 billion dollars, while Iraqi exports dropped to 73.6 million dollars, leading to an increase in the Iraqi trade deficit to over one billion dollars. Economic experts pointed out that the free trade agreement and customs exemptions granted Jordanian products a competitive edge in the Iraqi market amid the weakness of the non-oil export base. Relevant authorities called for reviewing customs exemption lists and linking them to mechanisms that achieve trade balance, as well as stimulating national exports and opening new markets to enhance mutual interests.