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04/14/10

Iran, Brazil set $4b trade target

Source: Mehr News Agency, Tehran

Iranian Commerce Minister Mehdi Ghazanfari and Brazilian Development, Industry and Foreign Trade Minister Miguel Jorge in a meeting in Tehran on Tuesday agreed to raise the two-way trade to $4 billion annually from the current $1 billion.

Ghazanfari said that President Mahmoud Ahmadinejad's visit to Brazil in November 2009 paved the way for the two countries to expand trade ties and the Brazilian president's visit to Iran next month will further reinforce economic relations.

He pointed out that Iran and Brazil could establish joint trade firms and hold exhibitions to provide businesspersons and industrialists of the two countries, especially private sectors, with the opportunity to boost trade.

The Brazilian minister, heading a delegation of around 100 businesspersons and industrialists, arrived in Tehran on Monday.


Brazilian Development, Industry and Foreign Trade Minister Miguel Jorge (l) with Mahmoud Ahmadinejad

The delegation is consisted of high-ranking officials of economy and banking sectors as well as managers of large state-run and private companies in mining, energy, housing, petrochemical, food, agriculture and technological industries.

Brazilian Ambassador to Iran, Antonio Salgado said last week that since Brazilian President Luiz Inacio Lula da Silva took office in 2003, the South American country began boosting relations with other countries including Iran, which is a regional power, Press TV reported.

Lula is planning to pay an official visit to Tehran in May

... Payvand News - 03/25/16 ... --



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