Nguyen

Committee: Economics and Financial

Topic 1: Regulating the trade of raw nuclear material
Topic 2: Preventing a future global economic crisis
Country: Jordan
Jordan imports most of its energy and seeks greater energy security as well as
lower electricity prices. Jordan is aiming to have a 1000 MWe nuclear power unit
in operation by 2024 and eventually a much higher goal. Jordan has significant
uranium resources, some in phosphorus deposits. Jordan imports over 95% of its
energy needs, at a cost of about one-fifth of its GDP. This is highly profitable and
net worth gains increase every decade, it will double in size near the year 2024 due
to 1000 MWe gains.

In the short term, Jordan's Committee for Nuclear Strategy, set up in 2007, set out a
program for nuclear power to provide 30% of electricity by 2030, and to provide
for exports. Its commission is to transform Jordan from net energy importer to net
electricity exporter by 2030, our goal is to provide power to fuel our wanting of
economic growth at a low ball. Jordans goal is also to lose their dependency on
fossil fuel.

The long term of Jordans raw nuclear trade is the development of four nuclear
reactors; separately to the 2020-13 tender process Rosatom had offered to supply
these on a build, own and operate (BOO) basis similar to its project in Turkey.
Rosatom would establish a project company and eventually offer 49% of it to local
investors. Further nuclear projects will involve desalination. If this was including
in many projects throughout the world, the energy crisis of nuclear materials will
not be an issue at all. Future projects of development have a need to be
implemented to change the world around the way we seek energy.

Jordans GDP per capita had been on a by 351% in the 1970s, then declined by
30% in the 1980s, and it then rose again by 36% in the 1990s. The country of
Jordan is classified as an emerging market but obviously we have not developed
completely. Due to new governmental uprisings, liberal economic policies were
introduced which resulted in a an economic boom that progressed throughout 2009.
Jordan has a developed banking sector that attracts investors due to conservative
bank policies that enabled the country to weather the global financial crisis of
2009. Jordan's economy has been steadily pressing at an annual rate of 7% for the
past decade. Jordan has FTA's with the United States, Canada, Singapore,
Malaysia, Algeria and many more. FTAs or Free Trade Agreements allows the
open trade with these countries. But the country of Jordan is running low of water
supplies and we are becoming more and more independent on oil as fuel. Rainfall
in Jordan is very low and ground waters are not renewable. Lack of domestic
resources, does not have a large amount of energy to expand.

Nguyen

Lacking coal reserves, hydroelectric power, large tracts of forest or commercially viable
oil deposits, Jordan relies on 10% of natural gas for domestic issues. Jordan used to
dependent on Iraq oil until the invasion of Iraq led by United States. There are needs for
more open trade with nations to prevent a future global economic crisis. There world
bank classifies Jordan as upper middle class income country and this is only successful
due to our wide variety of open trade. We have large potential for net worth gains and
profits due to our free economy. Jordan's banking sector is classified as "highly
developed" by the IMF along with the GCC economies and Lebanon.
We would like to reconsider what Jordan complies with economic struggles, an open
market to allow a build of economic gains. By bypassing Free Trade Agreements, much
trade would become a benefit for the countries who endure this trade. Remodeling of
infrastructure is required to successfully reopen trade potential,

http://www.world-nuclear.org/info/Country-Profiles/Countries-G-N/Jordan/
https://www.cia.gov/library/publications/the-world-factbook/geos/jo.html