The us (U. S. ) and Jordan launched negotiations for a free trade contract in 2000. Several reasons make clear the U. T. aspire to negotiate a free trade agreement with Michael jordan. The failed WTO Ministerial Conference it happened in 1999 led U. T. trade officials to assess the possibilities for a free trade agreement that will include certain provisions that are resisted at the multilateral trading level. Furthermore, the U. S. and Jordan had already authorized a trade and investment framework in 1999, which can be quite a precursor for a FTA. Monthly Fix plan
The US-JO FTA features a preamble, nineteen articles, three annexes, joint transactions, memorandums of understanding, and side letters. In addition to the interesting articles on labor and environment, the US-JO FTA provides the ability for Jordanian excellent to come to the U. S. to make investments and be involved in investment. Under certain conditions, Jordanian nationals can your Circumstance. S. to render professional services.
The US-JO FTA permits entry of excellent of one party in the territory of the other. From the start, it is necessary to distinguish between migration and the ability of Jordanians to into the Circumstance. S. to make purchases and participate in company. Jordanian nationals are not allowed long lasting resident position, tend to be only given the possibility to acquire a visa on a momentary basis or “non-immigrant” position. This status requires that the visa beneficiary come back to Jordan after his non permanent stay expires.
The US-JO FTA allows nationals of Jordan to enter into the U. S. to carry solely “substantial trade”, including trade in services and technology. The yardstick in the FTA is “substantial trade”. Article almost 8 does not specify what constitutes “substantial trade”. Intended for instance, should a Jordanian trader be major aliéner to the U. S i9000 to be eligible for entry? Or the Circumstance. S is obliged, be subject to its laws on access, to allow Jordan’s investors entry into its terrain for attending a control fair or partnering with U. S firms.
In effect, the language of article 8 of the US-JO FTA is taken from the Immigration and Naturalization Service (INS), now known as Bureau of Citizenship and Immigration Services within the Department of Homeland Security, and the U. S Department of State regulations. The Division of State regulations specify a treaty trader as an alien, classifiable as a nonimmigrant treaty speculator (E-1), who will be in the U. S i9000 solely to carry on trade of a “substantial nature” either on the alien’s behalf or as an employee of your international person or organization interested in trade, “principally” between U. S and the other state of which the alien is a national. This language is identical to the vocabulary of article 8. one particular of the US-JO FTA. The regulations of the Department of State says that consideration being given to any conditions in the country of which the alien is a national which may have an effect on the alien’s ability to carry on such substantive trade. Moreover, the nonresident must prove that this individual intends to depart the U. S after the termination of E-1 position.
Although US-JO FTA will not define the term “substantial trade”, the Section of State regulations determine it as the segment of trade “sufficient” to ensure a continuous stream of trade items between the U. S and the treaty country. Ongoing flow contemplates numerous exchanges over time rather than a single transaction, no matter of the monetary value. The U. S legislation considers monetary value as an important factor. Yet , greater weight is given to more numerous exchanges of larger value. As a result, Department of State rules do not specify an exact value of substantive trade, for example $22.99, 000, as a standard that would qualify a Jordanian trader as entitled for E-1 visa.