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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search