A recent bilateral trade agreement between the United States and Jordan has reduced tariffs on beech wood (Fagus spp.) with a cross-sectional dimension of 15 cm or more, leading to an increase in US exports to Jordan.
2023-10-15
Impact: This agreement is expected to increase the volume of beech wood trade by 20% over the next year, benefiting US exporters and Jordanian importers with lower costs.
Jordanian Demand for US Beech Wood Surges Amid Construction Boom
Jordan's booming construction sector has driven a significant increase in demand for high-quality beech wood from the US, particularly for structural applications.
2023-09-01
Impact: US exporters are seeing a 15% rise in orders from Jordan, though supply chain constraints may limit short-term growth.
Sustainability Certification Impacts US Beech Wood Exports to Jordan
Jordanian importers are increasingly requesting sustainability certifications for beech wood imports from the US, aligning with global environmental standards.
2023-08-10
Impact: US suppliers may face higher compliance costs, potentially slowing trade if certifications are not obtained, but long-term trust and market access could improve.
Policy Updates
US-Jordan Free Trade Agreement Amendment on Wood Products
An amendment to the US-Jordan Free Trade Agreement now includes specific provisions for reduced tariffs on beech wood (HS Code: 4403.92) with a cross-sectional dimension of 15 cm or more, effective from October 2023.
