Barriers on Iran, Brazil banking relations will be removed: Economy minister

EghtesadOnline: Iran’s Economy Minister expressed the country’s readiness to deepen mutual ties with Brazil.

News ID: ۷۳۸۱۷۲

21 November 2016

At the closing ceremony of the 14th Iran-Brazil Joint Investment Economic Commission meeting held on Nov 17-18 in Brasilia, Tayebnia stressed the significance of increasing the volume of trade and investment between the two countries.

Iranian official underlined the necessity of taking some fundamental steps to bolstering bilateral relations, adding the recent barriers on banking relations will be removed following the recent negotiations, according to ISNA.

“The Islamic Republic of Iran is fully prepared to elevate multilateral ties with Latin American states, Brazil in particular,” Tayebnia emphasized.

Referring to trade volume between the two countries, he continued the current volume of trade and business turnover stands at about 1.6 billion dollars, adding that efforts need to be made to increase the figure to at least six billion dollars within three years.”