Iran-Brazil $10b trade achievable: Ambassador
Iran and Brazil can increase their bilateral annual trade to $10 billion, said Iranian Ambassador in Brasilia Hossein Qaribi on Tuesday.
He pointed to the opening of an Iranian business center in Brazil as one of the best economic opportunities for Iranian traders in the Brazilian market and added that one of the main tasks of the center is to study the Brazilian market, and in the second step, to pave the ground for the presence of Iranians in Brazilian exhibitions, IRNA reported.
“In 2021, our overall trade hit a record-high of $6.5 billion with the export of 1.8 million tons of urea; this is in the condition that the urea market was not stable,” the envoy added.
Meanwhile, the chairman of the Iran-Brazil Joint Chamber of Commerce said that branches of two Iranian banks will be set up in Brazil.
Fakhreddin Amerian added that the first trade and economic delegation of the country will be sent to the South American country in the near future to bolster bilateral trade.
Stressing the capacities for promoting exports of Iranian products to Brazil, Amerian noted, “With the organization of marketing structures, the ground will be paved for the entry of Iranian companies and merchants to the lucrative Brazilian market.”
A specialized and expert-level meeting was held recently between senior directors of public and private sectors, banks, chairmen of specialized commissions of the Iran-Brazil Joint Chamber of Commerce, aimed at boosting synergy and spurring exports between Iran and Brazil.