Iran, Brazil Keen to Cooperate On Auto Industry

Brazi’s Ambassador to Tehran Mr. Rodrigo de Azeredo Santos met the Head of Industrial Development and Renovation Organization of Iran (IDRO) Mr. Mansour Moazzami and during the meeting he announced readiness of Brazilian government.

for financing investments in Iran’s heavy vehicle manufacturing sector Head of international affairs department of IDRO Mr. Seyed Ali Araqchi said that during the meeting both sides reviewed ways for boosting cooperation especially.

in vehicle production He went on to say that Brazilian envoy in the meeting pointed to the high capabilities of Brazil in manufacturing vehicle for trade or public transportation and announced determination of Brazilian auto-makers for entering Iran’s auto market Araqchi said that the Brazilian diplomat claimed that Brazilian auto-makers can provide enough parts for heavy vehicles which is a tougher job for their European rivals He added that Brazilian government has given him authority to act as the representative of the COMEX and APEX in Iran to start talks. He noted that Brazil has allocated around 1.2b euros financing for the first phase of cooperation He went on to say despite sanctions, Brazil can manufacture the vehicles and provide spare parts for Iranian companies Araqchi added that soon a banking and technical delegation from Brazil will visit Tehran for more talks and finding ways for interactions Meanwhile after the meeting, Moazzami told reporters that the production of vehicles and cars will continue to meet the public demands Iran and Brazil have expanded their trade relations in recent years as Iran’s exports to Brazil witnessed