Jordan's policy framework for investment

In addition to legal provisions, a number of policy areas have an important impact on the investment climate, such as investment policy, promotion and facilitation, trade policy, anti-corruption, competition policy, infrastructure and financial sector development.Jordan conducted structural reforms aimed at liberalising its trade and investment regime and fostering private-sector led growth. It joined the WTO in 2000, signed 53 bilateral investment treaties, ratified the UN Convention against Corruption, adopted national legislation on intellectual property rights and competition, and has relatively well-developed infrastructures and financial sector compared to its regional peers. However, significant challenges remain. The policy framework for investment continues suffering from administrative and regulatory obstacles and lack of policy implementation and legal enforcement.