Amman, July 26 (Petra) - The Customs Department on Tuesday sealed a Declaration of Principles Memorandum with the U.S. Customs and Border Protection (CBP) of the Department of Homeland Security.

The memorandum, signed by Jordan Customs Director General Ghalib Sarayreh and CBP Container Security Initiative Director Daniel Stajcar, aims at facilitating the entry of Jordanian goods into international markets and U.S markets in particular.

Sarayreh said that Jordanian importers and exporters will benefit from facilitating the entry of goods to the port of Aqaba and the U.S. ports without inspection, which will save time and effort.

Under the deal, he added, Jordan Customs will obtain JD5 million worth of inspection equipment funded by the U.S government.

He stressed the importance of the agreement in increasing the institutional capacity of the Jordanian Customs Department in order to meet the requirements of the U.S exporting ports through Aqaba port which will become a re-export hub.

Stajcar said that the memorandum will facilitate the U.S-Jordanian trade exchange, stimulate trade in the port of Aqaba, strengthen the capacity of Jordan Customs in the application of global best practices and facilitate the global trade supply-chain in a way that serves the two countries.

© Jordan News Agency - Petra 2011