Expansion and diversification of trade between Brazil and Jordan was the main subject of a recent meeting in Amman between the Ambassador of Brazil, Mr. Francisco Luz and the Arab Brazilian Chamber of Commerce’s chairman, Mr. Rubens Hannun.
Ambassador Luz said that bilateral trade, after been stagnant for quite some time is doing well in 2017, but that it is possible to raise it well above the current level of around 150 million dollars yearly.
Trade is picking up in 2017 and had its best monthly result in years last August. Ambassador Luz stressed that poultry, beef, livestock and coffee make up the bulk of exports from Brazil, and that diversification is needed, according to the Brazil Arab News Agency.
Besides Mr. Hannun, the Chamber’s delegation included its international vice-president, Ambassador Osmar Chohfi and special projects advisor Tamer Mansour (see photo). The Brazilian delegation attended the Arab-African Economic Forum in Amman.
Jordan wants a closer trade with Brazil and other countries in the region and is working to restart talks with an agreement with Mercosur and to hold a bilateral economic in 2018, said recently in Sao Paulo the Jordanian Ambassador in Brazil, Mr. Malek Twal.
Ambassador Luz confirmed that a ministerial meeting is expected to happen in the first half of 2018, and that na Investment Framework Agreement (TIFA) currently under discussion by the two countries could be completed.
“There are pharmaceutical companies, a language school and law firms in Jordan that are interested in investing in Brazil, and there are US$ 15 million worth of Brazilian investment in solar power projects underway in Jordan, and such an agreement will help boosting trade and investment initiatives ,” said Ambassador Luz.