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Ammon News - President of the Jordanian Businessmen Association (JBA) Hamdi Tabba, and Ambassador Extraordinary and Plenipotentiary of Ukraine to Jordan, Shcherbatiuk Myroslava, agreed to hold a Jordanian-Ukrainian Business Council in Amman at the beginning of November, Jordan News Agency Petra reported.

During the meeting, the two sides discussed ways to enhance bilateral economic cooperation relations and prospects for investment opportunities available in the two countries, a JBA statement said Monday

In the meeting, attended by JAB members, Tabba highlighted key investment opportunities in the Kingdom in many vital economic sectors, pointing out to the JAB's role in promoting the Kingdom's investment landscape and bolstering Jordanian trade ties with various countries of the world, according to Petra.

Tabba indicated that the JAB signed a memorandum of understanding with the Union of Ukrainian Industrialists and Businessmen on the sidelines of the Jordanian-Ukrainian Economic Forum, which was held in March, with the aim of enhancing ties between the business community in the two countries, calling for facilitating marine and air shipping routes between the two sides.

Myroslava, for her part, laude ties relations between the two countries, stressing the importance of working on developing new areas of cooperation in the near future and achieving common economic benefits.

The ambassador noted that there are many opportunities for joint cooperation between the two countries, especially that businessmen in her country are interested in investing in Jordan, especially in the Aqaba Economic Zone.

She underlined the need to enhance intra-regional trade and expand the base of exchanged goods between the two countries by increasing Jordanian exports to her country, developing a list of the two markets' needs and reducing their customs duties.

Myroslava added that the embassy will develop a plan to stimulate tourism between Ukraine and Jordan in cooperation with the Jordan Tourism Board, underscoring the importance of joint cooperation in the communications and information technology sector.

On the other hand, the Kingdom's exports to Ukraine, which focused on pharmaceutical products and fertilizers, amounted to nearly $2 million last year, compared to $182 million in imports of iron, steel and grains.