Economy, Business And Markets

Hike in Non-Oil Exports to Brazil

Hike in Non-Oil Exports to BrazilHike in Non-Oil Exports to Brazil

More than 223,000 tons of non-oil goods valued at $70.2 million were exported to Brazil during the eight months to November 20. Export was a meager $4.5 million for last year’s corresponding period. The exported commodities mainly included steel products, urea, raisins, carpets, glassware, mirror, stone and medical devices, the Islamic Republic of Iran Customs Administration’s latest data show. The fourth session of Brazil-Iran Economic Commission concluded in Brasilia last month. Minister of Economic Affairs and Finance Ali Tayyebnia led the Iranian delegation to the joint commission that was last convened in 1995. While in Brazil, Tayyebnia also met with Brazil’s Minister of Mines and Energy Fernando Coelho Filho who said plans are underway to increase trade between Iran and Brazil to $5 billion from the current $2 billion per annum.

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