This study examines the strategy of trade liberalization followed by Jordan during the last three decades. It provides an overall assessment of the impact of trade openness on economic growth. As a case study of such policy of trade liberalization, the new free trade agreement (FTA) between Jordan and Turkey (the most recent one) is brought into focus. It provides a comparative analysis of selected indicators of the two economies and a comprehensive analysis of the two countries’ trade structures and directions. The current trade flows between the two countries are examined and the results used to predict expected effects of the FTA on the Jordanian economy. The study concludes with the analysis of the trade potential between the two countries.

Taleb Awad

Published in Berlin Working Papers on Money, Finance, Trade and Development, April 2011