Jordan Enterprise Development Corporation (JEDCO) is an autonomous, non profit corporation equally owned by the Ministry of Industry and Trade, the Jordan Federation of Chambers of Commerce and the Amman Chamber of Industry. It is governed by a board of directors chaired by the Minister of Industry and Trade with six members from the public sector, six members from the private sector and one member from each of the Royal Jordanian Airlines (RJ) and the Agricultural Sector.
It was first established in 1972 as Jordan's national export development agency under law no. 21 for 1972 and named as Jordan Commercial Centers Corporation (JCCC), where it has opened several centers abroad to help exporters promote Jordanian products and penetrate new markets.
In 1992, the law of JCCC was amended and under its new name of JEDCO, further functions were mandated to implement government commitments in regard to regional trade protocols and agreements with several Arab countries. In addition, JEDCO has taken the rein to help Jordanian private and public sectors expand their export activities beyond the region and to integrate with world markets through its promotional and export development schemes.
Jordan's economic policies are those of an open market economy. It is a free enterprise economy led by an active private sector. The Jordanian government has recently adopted new policies to achieve a higher economic growth and reform to offset the imbalance in its foreign trade.
Developing Jordanian exports, attracting foreign investments, liberalizing trade and rationalizing public and private expenditures are some of the adopted policies to achieve fiscal and monetary stability.
In this context, JEDCO has taken the vital role of developing Jordanian exports and assisting Jordanian manufacturers in exploring new markets for their products. JEDCO's diversified activities range from exploring potential markets for the Jordanian products to developing the technical capabilities of the Jordanian manufacturers as well as encouraging export oriented foreign investment and joint-ventures.
JEDCO now offers a wide range of services; directly to exporters and indirectly to the country's various private and public sector organizations. These include:
A Director General is responsible for JEDCO's operations with a team of experienced, professional staff managing the various functional departments. The hierarchical structure of JEDCO is shown below:
With the ultimate goal of realizing a self sustaining export led economic growth, JEDCO has applied itself in earnest to the task of enhancing the competitive edge of the "Made in Jordan" products and help them to suffice the requirements of the targeted markets in terms of quality and price.
The adopted approach to fulfill this task comprises the following activities:
A. Conducting Industrial Studies
B. Direct Technical Support
C. Establishment of Specialized Technical Services Centers
The direct approach followed by JEDCO in its quest to increase the Jordanian exports is trade promotion. Within this approach, JEDCO gears its main activities to exploit the appropriate means which can help the Jordanian products to penetrate new markets. These include:
A. Organizing and Arranging Jordanian participation in International and regional trade fairs and Jordanian Weeks.
B. Trade Missions
C. Publication of promotional materials
D. Overseas Trade Representation
Currently JEDCO operates trade centers in Iraq, Yemen, Palestine (Ramallah & Gaza), United States of America and Brussels. Following are the addresses of each trade center:
Jordan Trade Center Baghdad-Iraq
P. O. Box 3264 Jadiriya
Tel: +964 1 7195912
Fax: +964 1 7196522
Jordan Trade Center Sana' - Republic of Yemen
P. O. Box 11232
Sana'a - Yemen
Tel: +967 1 260640
Fax: +967 1 260641
Jordan Coordination Commercial Office
Ramallah - Palestinian National Authority
Tel: +970 2 2987785
Fax: +970 2 2960194
Jordan Trade Center Gaza - Palestinian National Authority
Opposite to Ministry of Interior
Tel: + 970 7 825 134
Fax: + 970 7 825 124
Jordan Trade Center Washington D. C. - USA
The Embassy of Jordan
3504 International Drive N. W.
Washington D. C. 20008
Tel: +1 202 3624436
Fax: +1 202 2440239
Jordan Trade Center Belgium
AVE. F.D Roosevelt 104
B-1050 Bruxelle - Belgium
Tel: + 32 2 6449989
Fax: + 32 2 6449980
JEDCO has economic counselors in Egypt, Israel and Taipei, their addresses are as follows:
Economic Counselor Cairo --Egypt
19 Gambees St. Dokki
Tel: +20 2 3373952
Fax : +20 23484852
Economic Counselor Taipei - Republic of China
Jordanian Commercial Office
3F, No. 425-1
Chung Shan North Road Sec. 6
Tel: +8862 871 7712
Fax: +8862 872 1176
The information services comprise the following:
The Euro Info Center in Jordan is hosted by JEDCO. The center's main objective is to enhance business relations between Small and Medium Size SME's companies in Jordan and other 250 members of the network. In order to achieve this objective, EICC Jordan undertakes the following activities:
Forward to the EIC members information on Jordanian companies interested in doing business with Europe and other EIC member countries.
Provide European SME's and other members in the EIC network with information on laws and regulations regarding trade and investment in Jordan.
Provide economic indicators and statistical data on Jordan's foreign trade.
Collect and forward any business information or activity that might be of value to the network members.
Disseminate information to Jordanian SME's in the different industrial sectors on foreign companies interested in locating partners in Jordan.
Answer general, legal and administrative queries on the European community forwarded by Jordanian companies.
Locate business partners through a computerized network using special software for matching business opportunities such as the Business Cooperation Network (BC-NET) and the Business Cooperation Center (BRE) and the Value Added Network System (VANS).
Organize specialized seminars and workshops in order to increase the awareness for the Euro Info Center and its activities among local companies and businessmen.
Regional Information Networks
Apart from the EIC network, JEDCO utilizes other information networks to assist local and international companies in getting the most accurate and up-to-date information. JEDCO is a focal point for Inter Arab Trade Information Network (IATIN) and the Organization of Islamic Countries Information System Network (OICIS). Such networks are found to enhance business relations between Arab countries and Arab - Islamic countries.
JEDCO's fast expanding library contains a wealth of information and data on foreign markets from published reports and trade directories to country and trade statistics. Library staff are trained to help businessmen find the information they need and will seek to obtain whatever is not readily available.
A wide range of international business and trade journals are also available as well as international databases and CD-ROM's.
The documentation found in the library is specialized and targeted towards providing the local industry with information on existing and potential export markets.
A crucial factor which influences the success in penetrating new markets is the availability of accurate, up-to-date and comprehensive information pertinent to these markets.
Based on this fact, JEDCO allocates specialized resources to collect, analyze and study new markets with promising export potentials and disseminates the information in the form of market researches and analysis.
The aforementioned service can take the following formats:-
Human Resource Development
The human element plays a pivotal role in the success of any industrial or service activity; it is in fact one of the pillars that underpins the development of the Jordanian economy.
Convinced by this fact and guided by his Majesty's King Hussein's saying "Our most precious asset is HUMAN ", JEDCO pays extensive attention to the development of the Jordanian human resources' caliber.
JEDCO's programme for human resource development addresses both the development of JEDCO's human resources (Internal human resource development) and the human resources from the industrial sectors (External human resource development).
Internal Human Resource Development
The internal development of JEDCO's staff serves the purposes of upgrading the knowledge and the performance of its employees and providing them with skills and tools including new techniques and fields of knowledge. This development will enhance the quality of services being delivered and help in expanding these services to encompass new areas.
External Human Resource Development
The external human resource development has emerged from the urgent need to compensate for the acute deficiency in the availability of locally skilled and experienced human resources.
This development is achieved by means of organizing seminars, courses and workshops covering wide range of interest areas. The main areas which are currently addressed through JEDCO's programme are quality, production, marketing, trade, finance of exports and export credit guarantee schemes.
Quality management receives considerable efforts from JEDCO. The topics which are usually addressed are ISO 9000, ISO 14000, Hazard Analysis Critical Control Point (HACCP), Total Quality Management (TQM) and technical regulations.
JEDCO meets its objectives by bolstering its ties with similar international organizations and seeks cooperation with international organizations interested in promoting Jordanian products in their countries. To achieve this objective the following tasks are carried out:
Implementing cooperation agreements with relevant parties such as China External Trade Development Council (CETRA), Japan External Trade Organization (JETRO), Hellenic Export Promotion Organization (HEPO), Netherlands Management Consultancy Programme (NMCP), German Senior Expert Services (SES), Japanese Senior Voluntary Programme (SVP), French Senior Experts Services (ECTI), Egyptian Promotion Center (EEC~PC), the Inter-Arab Investment Guarantee Corp., the Islamic Development Bank (IDB), GTZ - Protrade, Associazione Piemontese Consrozi Esportazione (APCE) and UNCTAD, where JEDCO seeks their services to develop the capabilities of the Jordanian industries and inviting their expertise to address its specific needs.
Supporting Jordanian companies to benefit from the special promotional programmes offered by international organizations that promote imports from developing countries such as CBI of the Netherlands.
After the assignment of JEDCO as the National Counselor for Europartenariat events by the European Union, JEDCO became responsible for organizing the participation of Jordanian companies in these activities.
JEDCO hosted recently (July 13-14 1997) the Euro- Medpartenariat Jordan were 400 companies from Europe and the region have met with 150 selected Jordanian companies to discuss trade opportunities and joint venture projects.
For more information about JEDCO, please contact:
Jordan Enterprise Development Corporation (JEDCO)