Serbian Defense Minister Dragan Sutanovac and his Brazilian counterpart Nelson Azevedo Jobim signed an agreement on Nov. 29 in Belgrade that opens up the possibility of cooperation in the fields of military economy, education, medicine, science and technology.

After signing the defense cooperation agreement, Sutanovac told journalists that Serbia was also interested in the joint development of weaponry and military equipment, as well as joint foreign market entry.

He added that Serbia was aware of the size of Brazil and that the successes achieved by the Serbian defense industry in weapons and military equipment exports over the last few years should be kept in mind.

Jobim said that they had agreed to form a working group which would define the specific details and fields of possible cooperation and added that his country was also interested in forging cooperation between Serbia and Brazil's military technology institutes which he said were institutes that had much to contribute to the development of technology.

President Boris Tadic thanked Brazil's defense minister for his country's principled support of Serbia's efforts to safeguard its sovereignty and territorial integrity.

A statement issued by the president's cabinet reads that Tadic and Jobim, after their meeting in Belgrade, said that there was great potential for consolidating bilateral relations between the two countries.