Iran to Open Trade Center in Brazil http://english.farsnews.com/newstext.php?nn=9002031325

Iran plans to open a trade center in Brasilia following Brazilians' growing demand for closer cooperation with Tehran, Head of Iran-Brazil Friendship Association Mir-Qassem Mo'meni announced on Saturday.  "Given the expansion of Iran and Brazil's ties and Iranian companies' demand for having a foothold in this country's market which has 200 million population as well as the Brazilian companies' enthusiasm for developing cooperation with the Iranian companies, the association is seeking to set up an Iranian trade center in Brazil in a bid to facilitate the ties," Mo'meni told FNA. 

"Establishment of the trade center will be a remarkable help to the expansion of economic ties with Brazil," he stressed, and announced that the center will start work late in July.The International Monetary Fund (IMF) announced in a report in December 2009 that Brazil is the largest trade partner of Iran among the Latin American countries. Data also showed that Iran's trade with Latin America tripled to $2.9bln in 2008. The report said the turnover of economic exchanges between Iran and its largest trade partner in Latin America, i.e. Brazil, reached around $1.3bln in 2008. In January 2010, Tehran hosted a conference on 'Investment Opportunities in Brazil' to review ways of expanding economic cooperation between Iran and the Latin American state.

[''DEMOROU!ADOREI]