Iran aims for $10 billion in commerce with Brazil per year

An influential businessman who monitors commerce between the two countries claims that Iran believes its trade with Brazil would treble within a few years to achieve a target of $10 billion annually.

Iran (IMNA) - The chairman of the Iran-Brazil Joint Chamber of Commerce (IBJCC) and the chair of Iran's trade center in Brazil, Fakhreddin Amerian, declared on Tuesday that the Iranian government has ambitious intentions to boost commercial ties with Brazil.

Iran's top trading partner is Brazil. Among the things it sends to Iran are meat and animal feed, while the majority of its purchases are fertilizers, particularly urea provided by Iranian petrochemical firms.

He said that a sizable group of Iranian businesspeople and trade representatives will visit Sao Paulo, Brazil, in the coming months to talk about expanded investment and trade potential.

The businessman stated that extensive and significant conversations between Iranian and Brazilian enterprises will be organized after a long period of time, and that the Iranian group traveling to Brazil would be one of the largest delegations Iran has ever sent abroad.

Amerian stated that at least two Iranian banks will begin operations in Brazil in the very near future. Iranian banks are also preparing to build branches and representative offices in Brazil to assist increase commerce between the two nations.

News ID 665711


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