January 18, 2022 | The Hill

‘Warmer’ peace with Israel offers Jordan better economic dividends

January 18, 2022 | The Hill

‘Warmer’ peace with Israel offers Jordan better economic dividends

Excerpt

For the first time in seven years, the Jordanian royal court recently released a photo of King Abdullah II meeting with an Israeli official, Defense Minister Benny Gantz, Jan. 5 in Amman. This gesture is a clear indication that relations between the two neighboring countries are warming up again. After a decade of sluggish growth and falling standards of living, Jordan likely wants to capture a bigger share of the growing pie of Arab economic cooperation with Israel.

U.S. legislators from both parties recently launched a bipartisan House-Senate caucus that would be a “cheerleading squad” for the Abraham Accords, signed last year between Israel and the United Arab Emirates (UAE) and Bahrain.

In the first year of peace between Israel and the UAE, bilateral trade reached $700 million. In 2020, bilateral trade between Israel and Jordan stood at $250 million, 27 years after they had signed a peace treaty. These numbers suggest that Jordan has much to gain by moving beyond the “cold peace” it has with Israel and embracing the accords.

Hussain Abdul-Hussain is a research fellow and Enia Krivine is the senior director of the Israel Program and National Security Network at the Foundation for Defense of Democracies (@FDD), a nonpartisan research institute focusing on national security and foreign policy. Follow Hussain on Twitter @hahussain and Enia @EKrivine.

Issues:

Arab Politics Israel Jordan