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Fostering robust trade flows between the UAE and Jordan through seamless logistics solutions and connections.

UAE – Jordan

Payment

Discover secure payment methods, commonly used currencies, and standard payment terms for transactions between the UAE and Jordan.

Payment Methods

Transactions between the UAE and Jordan are facilitated through secure payment methods, ensuring reliable trade relations. The most commonly used methods include bank wire transfers, letters of credit (LC), and online payment gateways for smaller transactions.

For high-value shipments, escrow services or bank guarantees provide added security. These payment channels are governed by international banking regulations, ensuring transparency and compliance with financial standards.

Currency

The primary currency for trade with Jordan is the Jordanian Dinar (JOD), while the UAE Dirham (AED) is used for domestic transactions within the UAE. Trade between the two nations often involves currency exchanges through commercial banks or authorized exchange houses.

It is common to use the US Dollar (USD) as an intermediary currency for large transactions, making conversions more convenient and reducing exchange rate risks. Traders should be aware of fluctuating exchange rates, which can impact transaction costs and total landed costs for imports and exports.

Payment Terms

Typical payment terms for UAE-Jordan trade range from 30 to 60 days, depending on the nature of the transaction, buyer-supplier agreements, and creditworthiness. Advance payments and partial payments upon shipment are also common practices.

Frequently Asked Questions (FAQ)

What are the main shipping routes and estimated transit times between the UAE and Jordan?

Key routes include sea, road, and air options. For example, sea shipping from the UAE to Aqaba takes approximately 10-12 days, while air transit to Amman takes only 1-2 days. Detailed route options and transit times can be found in the "Routes" section.

What documentation is required for importing and exporting goods between the UAE and Jordan?

Essential documents for import and export include a Commercial Invoice, Bill of Lading or Airway Bill, Certificate of Origin, and, if needed, a Health or Safety Certificate. These documents ensure compliance with customs regulations in both countries.

What taxes and duties apply to goods traded between the UAE and Jordan?

The UAE typically imposes a 5% customs duty, with additional excise and VAT rates on specific goods. In Jordan, customs duty varies between 0-30% based on product type, with a VAT of 16% on most goods. Special taxes may also apply to certain items.

Are there any restricted or licensed goods for import/export between the UAE and Jordan?

Yes, certain goods, such as pharmaceuticals, firearms, and radioactive materials, require specific licenses or approvals to be imported or exported. These restrictions help ensure safety and compliance with regulatory standards.

What payment methods are commonly used in UAE-Jordan trade transactions?

Common payment methods include bank transfers, letters of credit (LC), and online payment gateways for smaller transactions. For high-value shipments, escrow services provide added security. Transactions often involve the Jordanian Dinar (JOD), UAE Dirham (AED), or the US Dollar (USD) as an intermediary currency.