Iran looks to import medicine from Brazil, India

Tehran wants to offset possible shortages of certain medicine following the US sanctions by luring investment from Brazil and India.

29 December 2018
ID : 1728
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Tehran wants to offset possible shortages of certain medicine following the US sanctions by luring investment from Brazil and India.

Photo: Tasnim News Agency, Siamak Ebrahimi

Following the restrictions on Iran after the US exit from Iran nuclear deal, Tehran is seeking to import medicine and medical equipment from Brazil, said Iran’s Health Minister, Hassan Hashemi, on Friday, Iran's official news agency IRNA reports. Hashemi made the remarks during a meeting with Brazilian ambassador to Iran Rodrigo de Azeredo Santos. 

Referring to Brazil as one of the world’s emerging economies, Hashemi said: “I believe the world conditions have changed and the world is not just the US and the European countries; Communications have expanded and there are many different choices before the nations.” 

He mentioned that he believed Brazil could help Iran much more than some other countries, in the area of medical equipment technology, pharmaceutical industry, producing vaccine and even building and handling hospitals. 

Brazil Ambassador to Iran, Rodrigo de Azeredo Santos, (left), talks with Iran Health Minister, Hasan Hashemi, in Tehran. (Photo: IRNA)

“We have to stop forever hoping (support) from Europe,” added Hashemi in reference to the reimposition of unilateral US sanctions on Iran and Europe's failure so far to put in place a financial mechanism to keep up trade with Tehran. 

In September, the Braizilian envoy said his country has allocated 1.2 billion dollars to expand cooperation with Iran in various fields. 

Brazil has allocated $1.2 billion of credit lines to economic activists in the Latin American country to cooperate with Iran, said Rodrigo de Azeredo Santos, adding that the credit line will be opened by the Brazilian Development Bank.

Tehran is also looking to Indian pharmaceuticals. The Iranian health minister said on December 5 that "once a product is produced inside Iran," referring to Indian ones, "the Iranian government will impose restrictions on the import of the same product from European and American companies. The products will also be marketed with reasonable prices in Iran." 

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