AGP Executive Report
Last update: 6 hours agoJordan–South Korea Trade: South Korea’s economic and trade cooperation agreement with Jordan officially took effect June 9, setting a framework for deeper ties across investment, tourism, agriculture and the environment, with a joint committee to track implementation. Public Finance & Delivery: Prime Minister Jaafar Hassan urged ministries to start drafting 2027 budgets to meet the constitutional deadline, while pushing strategic spending in water, transport and energy, a JD30 monthly salary increase for lower earners and retirees under JD600, and a 15% cut in operational expenses next year. Energy & Regional Trade: Jordan and Iraq renewed focus on extending the Iraqi oil pipeline through Jordan, with Senate and Iraqi Parliament speakers calling it a mutual economic interest. Energy Resources Outlook: An energy expert said Jordan has large, still-underdeveloped gas, oil shale and mineral potential, arguing that stronger geological institutions and investment could unlock major state revenues. Forced-Labor Tariffs Watch: U.S. trade authorities proposed new Section 301 tariffs on imports from 60 economies over forced-labor concerns, a move Jordan exporters and logistics firms should monitor for knock-on costs.
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