29 Mar 2024
Tuesday 27 October 2015 - 15:41
Story Code : 186096

Iran, Brazil plan to increase trade volume up to $5bn

TEHRAN, Oct. 27 (MNA) Irans economy minister has announced the agreement with the Brazilian industry minister to increase the trade volume between the two countries to $5bn.

After meeting with Brazils Minister of Development, Industry and Trade Armando Monteiro and his accompanying delegation, Irans Minister of Economic Affairs and Finance Ali Tayebnia said the parties have agreed on increasing the trade level up to $5bn "which seems reachable due to great capacities of Iran and Brazil."

Tayebnia referred to his recent trip to Brazil adding subsequently, a top-ranked Brazilian delegation has travelled to Iran and it has been decided that a joint commission be formed on economic cooperation between Iran and Brazil in the first quarter of the next Iranian calendar year.

Before the formation of the joint commission, several specialized committees will be organized to prepare the necessary documents for financial, banking, insurance, customs and joint venture relations, he asserted.

Armando Monteiro, Brazils Minister of Development, Industry and Trade, for his part, said, our president has always intended to help with Irans nuclear issues, and added: the time is ripe now for Iran to return to the international community and the grounds for development of Irans foreign relations must be prepared.

Monteiro deemed the joint meeting with Irans economy minister as highly constructive asserting we discussed trade and investment matters as well as other issues of common interest at the meeting.

We made an effort to promote relations between Iran and Brazil in public and private sectors and we are capable of having useful bilateral relations, he concluded.

By Mehr News Agency
https://theiranproject.com/vdcjhmevmuqeoyz.92fu.html
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