$3.6b deal with Venezuela, turning point for Iran LatAm trade
The Iranian deputy foreign minister for economic affairs has described the package of agreements signed between Iran and Venezuela, which has been valued at $3.6 billion, would be a new turning point for the expansion of economic and political ties between the Islamic Republic of Iran and countries in Latin America.
Mehdi Safari made the remarks in an interview with Iran’s State TV on Tuesday, where he referred to 19 memoranda of understanding (MoUs) signed between Iran and Venezuela in Caracas, in the presence of the presidents of the two countries a day earlier.
Signing such agreements, the most important of which are in the medical and engineering fields, is an indication of Iran’s serious determination to resume trade and economic cooperation with Latin American countries, Safari underscored.
The Tehran-Caracas $3.6-billion deal is a starting point for Iran’s trade with Latin America.
Iranian President Ebrahim Raeisi arrived in Caracas on Monday to start his four-day trip to the Latin American countries of Venezuela, Nicaragua, and Cuba.
On Monday, the senior officials of Iran and Venezuela signed 19 agreements on cooperation in various fields.
Early on Wednesday, President Raeisi arrived in Managua, Nicaragua, on the second leg of his regional tour.