Peace With Israel Pays off for Jordan in New Textile Factories

Peace With Israel Pays off for Jordan in New Textile Factories

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palestinian-shoppers.jpgOne key economic prize from Jordan’s peace with Israel is the success of dozens of new factories that now generate 20 percent of Jordan’s gross domestic product.

Over the past decade, Israel—which previously was the main Mideast textile exporter to the U.S.—has helped its Arab neighbor develop greater skills and access to US markets, with companies like Calvin Klein, Nike and Reebok.

Exports from the Israeli-backed Jordanian factories to the U.S. have shot up 100-fold, from $15 million in 1997 to peak at $1.5 billion in 2006.

“Peace with Israel has paid off.”

(READ the AP story at ABC News)

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