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Iran, Brazil firm to boost economic relations

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran’s Foreign Minister Mohammad Javad Zarif (R) and Brazilian Minister of Development, Industry and Trade Armando Monteiro meet in Tehran on October 26, 2015. © IRNA

Iran’s Foreign Minister Mohammad Javad Zarif has stressed the importance of improving relations with Brazil given the country’s special position in Latin America and in the BRICS group of major emerging economies.

“This country (Brazil) has always been among priorities of the Islamic Republic of Iran’s foreign policy,” Zarif said in a meeting with Brazilian Minister of Development, Industry and Trade Armando Monteiro in Tehran on Monday.

He added that Iran has great potentialities to open new markets and can help Brazil’s access to the Central Asian region.

Zarif said Tehran and Brasilia are seeking a new roadmap to develop common interests, adding that the two sides’ enterprises and banking and economic institutes can play an important role in this regard.

He noted that Iran and Brazil enjoy great opportunities for strengthening cooperation in different fields such as technology, biotechnology, energy and gas.

The Iranian minister expressed his country’s readiness to remove obstacles in the way of banking cooperation with Brazil through constant consultation.


Brazil’s enhanced ties with Iran

Monteiro said Brazil has always attached special significance to cooperation with Iran and called for promotion of mutual relations.

The Brazilian minister arrived in Tehran Monday morning at the head of a 35-member economic delegation to explore ways of bolstering mutual economic relations.

Strengthening relations between Tehran and Brasilia in areas such as foreign trade, energy, banking, agriculture and investment has been mentioned as the main goal of Monteiro’s Tehran visit.

Brazil is currently the world’s seventh largest economy. It is also a member of the BRICS group of emerging powers that also includes Russia, India, China, and South Africa.

Brasilia is also Tehran’s most important economic partner in Latin America and the volume of bilateral trade amounts to about USD 1.6 billion a year.

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