Iran, Brazil keep trade ties during sanctions

"The trend of imports has decreased by 58% and exports have increased by 110%, but the trade balance between the two countries is still not acceptable," he noted, Iran Press reported.
"Petrochemical, petroleum products, and pharmaceutical equipment are other part of Iran-Brazil trade," he added.
"There are two obstacles to exporting to Brazil," he said; the first one is the lack of air and shipping lines, and the second is the lack of agreement to avoid additional tax.
President of the Iran-Brazil Joint Chamber of Commerce, Fakhroddin Amerian, also stated: "Iran-Brazil economic relations go back to 116 years ago and the country's trade relations with Iran were also positive during the sanctions."
"Brazil is a country prone to selling Iranian goods, which unfortunately has been neglected," he said.
"Carpets, nuts, dates and petrochemicals are the main exports to Brazil," he pointed.
"In order to export and import to Brazil, we are looking to set up shipping lines to reduce shipping costs by half," he added.
"Creating a permanent Iranian exhibition and increasing bank credit are other part of the Chamber of Commerce's plans to increase trade with Brazil," he said.
The seminar was also attended by the Brazilian Ambassador to Iran and the Iranian Ambassador to Brazil, who expressed their views on increasing trade between Iran and Brazil.
At the end of the seminar, economic activists also asked their questions.