Participants of an online webinar on potentials for cooperation between Iran and Brazil underlined that Iran needs to create balance in its trade with the Latin American country.
Iranian ship Bavand, which had been at the heart of a geopolitical spat between Brasilia and Tehran, set sail from Brazil on Monday after receiving fuel from state-run Petroleo Brasileiro, the port of Paranaguá said.
Brazil’s top court has ordered on Thursday that state-controlled oil company Petrobras refuel two Iranian grain vessels stranded near the Paranagua port for a month unable to head back to the Middle East due to lack of fuel.
Brazil, the US, Canada and Uruguay are the four North and South American countries that have had major commercial dealings with Iran since 21 March, according to the latest data.
Tehran wants to offset possible shortages of certain medicine following the US sanctions by luring investment from Brazil and India.
Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos said his country has allocated $1.2 billion to boost cooperation with Iran in diverse economic fields.
Iran and Brazil underlined the necessity of improving banking relations to boost bilateral trade and investments.
Iran-Brazil Chamber of Commerce will convene in Tehran on July 9, 2017.