Iraqi Customs Collect Fees on Jordanian Products

Iraqi Customs Collect Fees on Jordanian Products
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Iraqi Customs Collect Fees on Jordanian Products

Iraqi Customs Collect Fees on Jordanian Products

Director General Amman’s Chamber of Industry Nael al-Husami said that despite the decision by the Iraqi authorities to exempt Jordanian products from customs fees since the end of 2016, "Iraqi authorities are still collecting fees on Jordanian products.”

Jordanian Trade and Finance Minister Ya'areb al-Qudah announced on Tuesday that the Iraqi authorities have approved to exempt a new list of 170 Jordanian products from customs fees, which were imposed by 30% by the end of 2016, explaining that over 541 Jordanian products have been exempted from fees so far out of a list of 750 products that Jordan had handed over to Iraq.

Husami called on the Jordanian government to address the concerned authorities on the Iraqi side to expedite the application of customs exemptions imposed by the Iraqi government on all its imports, especially after opening the border crossing between the two countries late 2016.

The Jordanian government hopes the opening of the border crossing contributes to re-exporting Jordanian goods to the Iraqi market as before as it has seen a significant decline in recent years.

Husami also called for cooperation between the Jordanian and Iraqi sides to facilitate the flow of Jordanian exports into the Iraqi market so that Jordanian industrial companies can maintain their production capacity, especially in light of the repercussions of the Syrian crisis.

He said that this could happen through allowing Jordanian trucks to enter Iraqi territories to load the goods or deliver Jordanian products to their importers there, especially that Jordanian goods are still very popular in the Iraqi market.

This was reflected in the great demand witnessed by the Jordanian wing at the Baghdad International Fair, which was held last November.

The chamber is studying the idea of organizing a Jordanian industrial exhibition in Baghdad this year titled, “Made in Jordan,” to consolidate the presence of Jordanian industries in the Iraqi market, Hussami added.

He further noted that the volume of Jordanian exports in January amounted to about 70 million dollars and that the chamber's goal is to export goods worth 200 million dollars in the coming period.



China Leaders Urge Self-Reliance to Combat Economic ‘Difficulties’

Light reflects off buildings at sunset in Beijing on April 27, 2026. (AFP)
Light reflects off buildings at sunset in Beijing on April 27, 2026. (AFP)
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China Leaders Urge Self-Reliance to Combat Economic ‘Difficulties’

Light reflects off buildings at sunset in Beijing on April 27, 2026. (AFP)
Light reflects off buildings at sunset in Beijing on April 27, 2026. (AFP)

China's leaders urged greater self-reliance in the technology sector and industrial chains and stronger domestic demand to combat "difficulties and challenges" facing the economy at a high-level meeting, state media said Tuesday.

The calls came during a meeting of the ruling Communist Party's Politburo, a top decision-making body headed by President Xi Jinping, according to a summary published by state news agency Xinhua.

The world's second-largest economy has struggled to mount a robust comeback since the end of the Covid-19 pandemic, with a protracted debt crisis in the once-booming property sector and sluggish consumption weighing on activity, even as exports boom.

Noting "a strong start" to the year, officials at the meeting also acknowledged that "the economy faces certain difficulties and challenges, and the foundation for its sustained steady and positive growth still needs to be further consolidated".

"Efforts must be made to promote scientific and technological self-reliance and self-strengthening," Xinhua said.

Leaders also called for "continuously expanding domestic demand", as well as moves to "stabilize the real estate market" and employment, the report added.

Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said the meeting showed that "the government is aware of the difficulties" facing the economy.

While last quarter's overall growth outpaced forecasts, momentum is set to slow during the second quarter due to external uncertainties and higher energy prices, Zhang wrote in a note.

"The key issue to watch in the coming months is how resilient China's exports will be," he added.

"If export growth stays resilient, I think the policy stance will stay unchanged in Q2. If export growth turns negative, I'd expect further policy support from the government."


Thailand Projects Lower Growth, Fewer Tourists Due to Middle East War

A clothes vendor prepares her displays as she opens up for business at Mahanak Market in Bangkok early on April 20, 2026. (AFP)
A clothes vendor prepares her displays as she opens up for business at Mahanak Market in Bangkok early on April 20, 2026. (AFP)
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Thailand Projects Lower Growth, Fewer Tourists Due to Middle East War

A clothes vendor prepares her displays as she opens up for business at Mahanak Market in Bangkok early on April 20, 2026. (AFP)
A clothes vendor prepares her displays as she opens up for business at Mahanak Market in Bangkok early on April 20, 2026. (AFP)

Thailand's economic growth and tourist arrivals are forecast to drop this year as the Middle East war roils global energy prices, the finance ministry said Tuesday.

The country's GDP growth is projected to dip to 1.6 percent, the ministry said in a statement, down from 2.4 percent in 2025.

Growth in the Southeast Asian nation is anemic, with the tourism sector vital but arrivals yet to return to their pre-Covid highs.

The government said in February that this year's growth forecast was between 1.5 to 2.5 percent.

Thailand expects about 33.5 million foreign tourists this year, about two million fewer than previously estimated, the ministry said on Tuesday.

Tourists from Europe and the Middle East have declined as a result of the US-Israeli war against Iran, which began two months ago and has driven up fuel prices, the ministry added.

Visitors from the Middle East fell by a third in March compared to the same month last year, and European arrivals dropped around four percent, while tourists from other Asian nations rose six percent, according to Thai tourism ministry figures.

Thailand received nearly 33 million foreign visitors in total last year.

The country's core inflation was forecast to hit three percent this year, up from an earlier estimate of 0.3 percent.


Oil Prices Rise 1% as No End to Iran War Stand-off Seems in Sight

 An offshore drilling platform operated by Sable Offshore Corp. is seen from Refugio State Beach near Goleta, Calif., Sunday, April 26, 2026. (AP)
An offshore drilling platform operated by Sable Offshore Corp. is seen from Refugio State Beach near Goleta, Calif., Sunday, April 26, 2026. (AP)
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Oil Prices Rise 1% as No End to Iran War Stand-off Seems in Sight

 An offshore drilling platform operated by Sable Offshore Corp. is seen from Refugio State Beach near Goleta, Calif., Sunday, April 26, 2026. (AP)
An offshore drilling platform operated by Sable Offshore Corp. is seen from Refugio State Beach near Goleta, Calif., Sunday, April 26, 2026. (AP)

Oil prices rose 1% on Tuesday, extending gains from the previous session, as efforts to end the US-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers.

US President Donald Trump is unhappy with the latest Iranian proposal aimed at ending the war, a US official said on Monday. Iranian sources disclosed on Monday that Tehran's proposal avoided ‌addressing its ‌nuclear program until hostilities cease and Gulf shipping disputes are ‌resolved.

Trump's ⁠displeasure with the ⁠Iranian offer leaves the conflict deadlocked, with Iran shutting shipping flows through the Strait of Hormuz, which typically carries supply equal to about 20% of global oil and gas consumption, and the US keeping in place its blockade of Iranian ports.

Brent crude futures for June climbed $1.41, or 1.3%, to $109.64 a barrel as of 0400 GMT, after gaining 2.8% in the previous session to its highest close since April 7. ⁠The contract is up for a seventh day.

US West Texas ‌Intermediate (WTI) crude for June rose $1.27, or 1.3%, to $97.64 ‌a barrel, after gaining 2.1% in the previous session.

An earlier round of negotiations between the ‌US and Iran collapsed last week following failed face-to-face talks.

"Talks around ‘peace’ still ‌look largely superficial and lack concrete evidence of de-escalation. Despite the rhetoric, vessel movement through the Strait of Hormuz remains curtailed, and that prolonged disruption is what's keeping oil risk premiums elevated," said Phillip Nova's senior market analyst Priyanka Sachdeva.

"In the near term, oil markets are ‌less about macro demand and more about diplomatic gridlock. Until diplomacy translates into actual barrel flows, not just statements, oil ⁠markets will remain volatile ⁠with an upward bias through May," she added.

Ship-tracking data revealed significant disruptions in the region, with six Iranian oil tankers forced to turn back due to the US blockade.

Prior to the US-Israeli war on Iran, which began on February 28, between 125 and 140 vessels transited the strait daily.

The market is also looking ahead to private and government US inventory data for later this week.

Analysts polled by Reuters are expecting US crude inventories to have risen by 300,000 barrels in the last week, with official data from the US Energy Information Administration set for release on Wednesday.