Brazil and Iran converge – pledge to increase and diversify trade
RIO DE JANEIRO, BRAZIL – The agriculture ministers of both countries have pledged to support the attraction of investment, joint ventures, and the implementation of agricultural projects by companies from both countries.
The exchange of experiences in scientific and technological knowledge and achievements between the two countries is also planned.
The agriculture ministers of Brazil and Iran on Saturday (19) signed a commitment to increase and diversify exports of food, agricultural commodities, and genetic materials from Brazil to Iran and farming products and fertilizers from Iran to Brazil.
In a bilateral meeting in Tehran, Tereza Cristina and Seyed Javad Sadatinejad also reiterated the potential for other products: Dried fruits, pistachios, wheat, and saffron on the Iranian side, cotton, rice, and sugar on the Brazilian side.
On the last day of her visit to Iran, Tereza Cristina said that many Iranian products could be well received by Brazilians, such as canned goods, fruits, and olive oil. “We need to get to know each other better and invite Iranian businessmen to Brazil to showcase their products, especially agricultural fairs,” she said.
She also welcomed the possibility announced yesterday of expanding exports of Iranian urea to Brazil. “I am pleased about this potential, which is very important for Brazilian agriculture,” she praised.
The two ministers pledged to support the attraction of investments, joint ventures, and the implementation of agricultural projects by companies from both countries. The exchange of knowledge and scientific and technological achievements between the two countries is also envisaged.
“The ministers reaffirmed the complementarity of bilateral agricultural trade relations and discussed ways to expand purchases of products already traded, such as urea export by Iran and grains and proteins by Brazil,” said Jean-Marcel Fernandes, deputy secretary for trade and international relations at MAPA.
The Iranian minister stressed that Brazil is known worldwide as a significant agricultural power and that Tereza Cristina’s visit is the first step in deepening these relations. The next meeting of the Bilateral Consultative Committee on Agriculture between the two countries is scheduled to be held later this year.
On the same day, representatives of Brazilian and Iranian companies signed a memorandum of understanding on the compensatory trade (barter) of 400,000 tons of urea for the equivalent of corn and soybean through barter.
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+1.55%
174,576.80
+1.55%
65,522.56
-0.38%
11,450.75
-0.76%
3,009,029
+0.46%
2,508.47
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60,117.56
+0.55%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
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| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
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| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
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