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Ammon News - Minister of Industry, Trade and Supply Yousef Shamali and Brazil's Minister of Agriculture Marcos Montes on Sunday discussed means of boosting economic cooperation and trade exchange and enhancing the private sectors in the two countries.

Trade exchange between Jordan and Brazil in 2021 amounted to some $419 million, up by 190 percent compared to 2020. Imports from Brazil stood at $292 million, while exports to the Brazilian market were at $126 million.

During their meeting, Shamali stressed Jordan's commitment to advancing two-way trade, which, he said, has witnessed growth in recent years but "is still substandard." He said there are many Jordanian products that the Brazilian market could benefit from, such as fertilizers, chemicals and pharmaceuticals.

The minister called on the Brazilian private sector and businessmen to leverage investment opportunities in Jordan, which has several advantages including access to the biggest global markets, reaching more than one billion consumers under bilateral and multilateral free trade agreements, as well as the Kingdom's strategic location in the region.

The Brazilian minister expressed interest in expanding economic cooperation with Jordan and leveraging the strong relation with Jordan in many fields.

Montes underlined his country's commitment to increasing imports from Jordan, namely fertilizers, after Brazil's agriculture sector developed and the agricultural production quantities increased to enhance food security. He also indicated that Jordanian fertilizers are of high quality and have been commended by Brazilian farmers.