FINANCIAL NEWS

Jordan- Car exports to Libya hampered by new Egyptian regulations

05 Jun 2012

(MENAFN) Jordan Free Zone Investors Association’s President, Nabil Rumman, stated that Egypt’s decision to curb car shipments to Libya is costing Jordanian traders a lot of money, reported The Jordan Times.

Rumman added that since Egypt has banned the entry of cars made before 2008 to its territories, Jordanian exporters have started to transfer cars to Libya via maritime shipping, which costs about USD1,500 per car, whereas land shipping used to cost just USD500.

He said that since the measure took effect late April, the number of cars re-exported from the free zone in Jordan to Tripoli has dropped to less than 50 units a week, from nearly 150 per day.

It is worth noting that around 90 percent of the cars in Jordan’s free zone are manufactured before 2008.

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