BRICS Membership to Ease Money Transfer Between Iran, Brazil

Date: 20 November 2023 - 21:56

News ID: ۱۲۱۶۸۹

TEHRAN – Chairman of the Iran-Brazil Joint Chamber of Commerce Fakhreddin Amerian said on Monday that Iran’s membership in the BRICS group of emerging economies can facilitate the financial exchanges between Tehran and Brasilia.
Speaking in his meeting with the new ambassador of Brazil to Iran on Monday, Amerian called for strengthening the bilateral trade cooperation between Tehran and Brasilia.
Currently, money transfer between Iranian and Brazilian traders is a pressing problem resolving which hat should be taken into consideration, he said.
“Under the current circumstances, Iran’s membership in BRICS can settle the problem and setting up a joint monetary fund between banks of the two countries can remove problems facing the import and export activities of the country to a great extent.”
The Brazilian Embassy can play a leading role in this regard, Amerian added.
The ambassador of Brazil to Iran, for his part, pointed to the longstanding history of trade relations between Tehran and Brasilia and stated that developing and promoting the level of trade and economic interactions with Iran is the main program followed up at the embassy.
Eduardo Ricardo Gradilone Neto said that strategic interaction with the Iran-Brazil Joint Chamber of Commerce can remove many of the problems on the way of bilateral trade and economic cooperation.
Iran and Brazil have established trade relations mainly in the agricultural sector, he said, putting the trade volume exchanged between the two countries in 2022 at above $6 billion.
He went on to say that Iran and Brazil have the potentials to further boost bilateral trade.