The Director for Trade Promotion and Investment of the Ministry of Foreign Affairs, Rodrigo de Azeredo Santos, will make an official visit to Iran between 10 and 13 of June. The mission is part of the Brazilian effort to renew contacts with Iranian private and public sectors and to develop economic and trade relations between the two countries, as announced by Minister José Serra.
During the visit, new opportunities for Brazilian exporters and for Iranian investments in Brazil will be addressed, within the commitment of the two countries to renewing and deepening the bilateral partnership. The two Governments will also seek to advance within the understandings on financing and guarantees to Brazilian exports to Iran.
In 2015, trade between Brazil and Iran totalled USD 1.6 billion, a 29.5 % drop compared to 2011, when bilateral exchanges summed to USD 2.3 billion. The Governments of Brazil and Iran seek to increase bilateral trade to the level in 2011, so as to reach the amount of USD 5 billion. Brazilian exports continue to be concentrated mostly on food, such as meat, corn, and sugar, but there is great potential in sectors including transportation equipment, mechanical and electrical machinery equipment, equipment for oil and gas industries, and agricultural implements.