Home / Knowledge / News / Apparel/Garments / QIZs prove to be engines of economic growth
QIZs prove to be engines of economic growth
16
Apr '10
Qualified Industrial Zones (QIZs) in Jordan have proved to be engines of economic growth for the Arab kingdom. By using a percentage of key inputs, sourced from neighbouring Israel, the goods produced in the QIZs, qualify for duty-free access to the biggest market in the world, the US.

There are around 13 QIZs spread across the kingdom, in which 109 companies have set up shop, which in all provide employment to over 36,000 people, necessarily not all Jordanians. This is so, because the local workforce lacks the skills to work in the factories, according to an expert.

Most of the units which have been set up are mainly from the textile and clothing sector and manufacture for globally renowned brands like Calvin Klein, Victoria's Secret, Nike and Reebok. Along with generating employment, these QIZs are also major export revenue generators.

Exports from the Jordanian QIZs to the US have shot up 100-fold, from $15 million in 1997 to peak at $1.5 billion in 2006, or roughly 20 percent of the country's gross domestic product. Ten Israeli factories have set up factories in the QIZs and most of the exports are even routed through Israel, to save costs.

However, now Jordan has struck a new trade agreement with the US, under which, products manufactured anywhere in Jordan, even from outside the QIZs, gain duty-free access to the US markets. Jordan has also struck similar trade deals with Canada and Turkey.







Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Aug 2017

Turkish apparel exports fall 6.11% in H1 2017

Apparel exports from Turkey declined by 6.11 per cent in the first...

Textiles | On 21st Aug 2017

Liaoning Bora picks LyondellBasell’s PP & PE tech

Liaoning Bora Petrochemical Co., Ltd has selected LyondellBasell’s...

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search