From developing forward-thinking policies that make it easier for outside investors to set up businesses in Jordan, to working with the government and private-sector institutions on the front lines of promoting Jordan as an investment destination, to actually facilitating individual investments—the USAID Jordan Competitiveness Program adds value at every level of the investment continuum. Our partnership with the Jordan Investment Commission, in particular, has helped establish the Kingdom’s first-ever full-service investment window, and JCP is leading an ambitious effort to institutionalize the work of the Commission’s new Investment Promotion Directorate—complete with a $75 million investment target.
Amman Chamber of Industry Expo
Under the patronage of his Excellency the Minister of Planning, Imad Fakhoury, the Amman Chamber of Industry on May 22 held and organized the first Exposition for companies and entities supporting the Industrial Sector in Jordan. This activity is part of the chambers strategy aiming at introducing the industrialists to the various programs and services of technical and financial support; and thus, making use of all available support opportunities. A vital player in supporting the competitive and industrial capacity of the Jordanian Industrial sector, The USAID Jordan Competitiveness Program (JCP) joined more than 20 donor and supporting entities at the Expo. Attendees at the event were briefed on JCP’s work with key Stakeholders to boost exports to the European Union, the United States, and Africa.
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Investment Dispute Management
In collaboration with the Organization for Economic Co-operation and Development (OECD), the USAID Jordan Competitiveness Program last week held a two-day capacity building workshop on Investment Dispute Management in Jordan. The objective of the workshop is to build capacities of Jordanian policy makers on investment dispute settlement and prevention to avoid and manage disputes between foreign investors and the State. Investment law experts from OECD, Jordan, and MENA countries were hands-on to provide policy and legal advice on Investor-State dispute settlement (ISDS) and prevention. ISDS is a system through which individual companies can sue countries for alleged discriminatory investment-related practices. The workshop also discussed international good practices to improve dispute management, review dispute prevention policies to be further developed in Jordan, and clarify the dispute settlement provisions of the Jordanian Investment Law and investment treaties.
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