What are the repercussions of the popular boycott of foreign brands in Jordan and its repercussions on the economy?

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What are the repercussions of the popular boycott of foreign brands in Jordan and its repercussions on the economy?

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https://sputnikarabic.ae/20240105/What-are-the-repercussions-of-the-popular-boycott-of-foreign-trademarks-in-Jordan-and-its-repercussions-on-the-economy?-1084738127.html

What are the repercussions of the popular boycott of foreign brands in Jordan and its repercussions on the economy?

What are the repercussions of the popular boycott of foreign brands in Jordan and its repercussions on the economy?

As the Israeli war in the Gaza Strip continues, the popular boycott of foreign products in Jordan continues, amid fears of its impact on the national economy. 05.01.2024, Sputnik Arabic

2024-01-05T19:06+0000

2024-01-05T19:06+0000

2024-01-05T19:06+0000

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Government reports have warned of the impact of random boycotts and unfair competition, given the loss of jobs for hundreds of Jordanians. They also indicate a major loss to the Jordanian economy, estimated at tens of millions in tax revenues. Musa Shteiwi, head of the Economic and Social Council in Jordan, said in an interview with “Sputnik”, the economic boycott is a legitimate right and an important political practice, but it negatively affects the Jordanian economy, and is considered among the economic repercussions of the war in Gaza on Jordan. Some raised questions about the continuation of boycott campaigns in Jordan, and the extent of their impact on the Jordanian economy, in light of The crises it is suffering from with the high rates of poverty and unemployment. Negative repercussions. Dr. Muhammad Abdel Sattar Jaradat, the Jordanian economic advisor, considered that Jordan is witnessing a great popular demand to boycott foreign products of companies that support Israel, in addition to American and European products. According to his talk to “Sputnik,” the people consider The boycott is an effective means of pressuring these international companies to withdraw their support for Israel, and it is also considered a means of peaceful resistance in light of the people’s inability to confront Israel in war. He continued: “We may find that this type of popular boycott has negative repercussions on the current investors of these companies that provide It can do everything it can to promote the idea that it is local, and with Jordanian capital, which will negatively affect the local economy if it stops working.” He believes that “these steps affect the labor market, which may push unemployment rates to rise, but on the other hand, it will increase demand.” On local products, it supports Jordanian enterprises, and in the future, their strength and expansion will increase, if they respond to market demand and increased demand, and develop their products in terms of quality, which leads to an increase in Jordan’s economic strength.” Jaradat went on to say: “The boycott today is a war without weapons. Refraining from consuming the products of these companies is to show a position and dissatisfaction with these countries and their policies towards Palestine and their impact on human rights, and it is a weapon of pressure. He pointed out that Jordan has launched an application that is considered a guide for consumers to know and support national products, which shows the extent to which Jordan continues to Supporting the boycott of foreign products. A positive impact. In turn, the Jordanian economic expert, Lama Jamal Al-Absa, considered that the popular boycott in Jordan of foreign brands and goods that support Israel and the West had no impact on the economy, while it fell on the people who have the right to use these signs. According to Speaking to Sputnik, on the contrary, the famous fast food restaurants have stopped. With the demand for this type of food among Jordanians, some people have created a desire to start similar projects, in addition to improving the products of already existing projects. She said that some commercial groups, such as “Carrefour” witnessed a very large boycott of up to 95%, and the demand for Jordanian governmental and private civil and military institutions intensified, stressing that some brands such as “Starbucks” are preparing to close permanently, after Jordanians stopped dealing with them. She stressed that the strange thing is that there is no The holders of these licenses resort to changing the brand name, while incurring huge tax and operational losses, as they bet that the boycott is temporary and may end soon, but it is not temporary, and this Jordanian method will continue even after the end of the aggression on the Gaza Strip. With regard to the layoffs of workers and the increase in unemployment rates due to… Closing these brands, Al-Absa explained that the percentage did not increase significantly, as the demand for this labor is high from the new institutions that have emerged due to the boycott, trying to exploit their experience in working with these famous brands. She denied that the boycott had negatively affected the economy, Due to the emergence of other Jordanian alternatives, without relying on Western names, and now relying on Jordanian industry, considering that the impact was positive and not negative. According to Musa Shteiwi, the World Bank’s expectations indicate a decline in the growth rate in the last quarter of this year in Jordan to 2.1%. Meanwhile, estimates by the United Nations Development Program for the Arab region, according to a study conducted two weeks ago, say that the countries of Jordan, Lebanon, and Egypt may witness an increase in the number of poor people in the next stage.

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https://sputnikarabic.ae/20231025/Tunisians-boycott-the-west-goods-and-demand-an-stop-to-the-media-misinformation-about-the-war-in-Gaza-1082449950.html

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Jordan news, Gaza Strip, exclusive, Sputnik reports, the Arab world, world news now, Israel

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As the Israeli war in the Gaza Strip continues, the popular boycott of foreign products in Jordan continues, amid fears of its impact on the national economy.

Government reports have warned of the impact of random boycotts and unfair competition, given the loss of jobs for hundreds of Jordanians. They also indicate a major loss to the Jordanian economy, estimated at tens of millions in tax revenues.

Musa Shteiwi, President of the Economic and Social Council in Jordan, said in an interview with “Sputnik” that the economic boycott is a legitimate right and an important political practice, but it negatively affects the Jordanian economy, and is considered among the economic repercussions of the war in Gaza on Jordan.

Some raised questions about the continuation of boycott campaigns in Jordan, and the extent of their impact on the Jordanian economy, in light of the crises it is suffering from with high rates of poverty and unemployment.

Founder of the campaign to boycott Israeli products in Egypt: Israel’s economy has been affected and will collapse after the war… Pictures

Negative repercussions

Dr. Muhammad Abdel Sattar Jaradat, the Jordanian economic advisor, considered that Jordan is witnessing a great popular demand to boycott foreign products of companies that support Israel, in addition to American and European products.

According to what he told Sputnik, the people consider the boycott an effective means to pressure these international companies to withdraw their support for Israel. They also consider it a means of peaceful resistance in light of the people’s inability to confront Israel in war.

He continued: “We may find that this type of popular boycott has negative repercussions on the current investors of these companies, which do what they can to promote the idea that they are local, and with Jordanian capital, which negatively affects the local economy if they stop working.”

He believes that “these steps affect the labor market, which may push unemployment rates to rise, but on the other hand, increasing demand for local products supports Jordanian enterprises, and in the future, their strength and expansion will increase if they respond to market demand and increased demand, and develop Its products are of high quality, which leads to increasing the economic strength of Jordan.”

Jaradat went on to say: “The boycott today is a war without weapons, and refraining from consuming the products of these companies is to show a position and dissatisfaction with these countries and their policy towards Palestine and its impact on human rights, and it is a weapon of pressure.”

He pointed out that Jordan launched an application that is considered a guide for consumers to know and support national products, which shows the extent to which Jordan continues to support the boycott of foreign products.

The operation to rescue those trapped in the rubble of homes bombed by Israeli warplanes in the Gaza Strip, October 24, 2023. - Sputnik Arabic, 1920, 10/25/2023

Tunisians boycott West goods and demand an end to its media misinformation about the war in Gaza

In turn, the Jordanian economic expert, Lama Jamal Al-Absa, considered that the popular boycott in Jordan of foreign trademarks and goods that support Israel and the West had no impact on the economy, while it fell on the people who have the right to use these trademarks.

According to her talk to Sputnik, on the contrary, the famous fast food restaurants have stopped. With the demand for this type of food among Jordanians, some people have created a desire to start similar projects, in addition to improving the products of already existing projects.

She said that some commercial groups, such as “Carrefour,” witnessed a very large boycott of up to 95%, and the demand for Jordanian governmental and private civil and military institutions intensified, stressing that some brands, such as “Starbucks,” are preparing to close permanently, after Jordanians stopped dealing with them.

The Israeli bombing of Gaza - Sputnik Arabic, 1920, 12/23/2023

With America’s absolute support for Israel, will diplomatic efforts succeed in stopping the war on Gaza?
She stressed that the strange thing is that the owners of these licenses do not resort to changing the brand name, while they incur huge tax and operational losses, as they are betting that the boycott is temporary and may end soon, but it is not temporary, and this Jordanian method will continue even after the end of the aggression against the Gaza Strip.

Regarding the layoffs of workers and the increase in unemployment rates due to the closure of these brands, Al-Absa explained that the percentage has not increased significantly, as the demand for these workers is high by the new institutions that have emerged due to the boycott, trying to exploit their experience in working with these famous brands.

She denied that the boycott had negatively affected the economy, due to the emergence of other Jordanian alternatives, without relying on Western names, and now relying on Jordanian industry, considering that the effect was positive and not negative.

According to Musa Shteiwi, the World Bank’s forecasts indicate a decline in the growth rate in the last quarter of this year in Jordan to 2.1%, while estimates by the United Nations Development Program for the Arab region, according to a study conducted two weeks ago, say that the countries of Jordan, Lebanon and Egypt may witness an increase in Numbers of poor people in the next stage.


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