Brazil to host branches of Iranian banks

News ID: 4117600 -
TEHRAN, Oct. 18 (MNA) – Brazil’s Minister of Finance, at a meeting with his Iranian counterpart in Washington DC, welcomed the idea of opening branches of Iranian banks in his country.

On the sidelines of the 2017 Annual Meetings of the World Bank Group in Washington DC, Iranians Minister of Economy Masoud Karbasian met and talked with Henrique Meirelles, the Brazilian Finance Minister.

At the meeting, Karbasian described the latest economic status of the country and, while referring to capabilities of both sides in various industrial, agricultural and trade sectors, called for fortifying existing relations.

Given that his ministry is in charge of the Joint Economic Commission between Tehran and Brasilia, Masoud Karbasian emphasized the need to exploit opportunities in areas of agriculture and transportation.

Iran’s economy minister referred to recent talks between Central Bank of Iran and Brazilian banks which led to establishment of broker relations and called for opening of branches for Iranian banks in the South American country.

Also at the meeting, Brazil’s finance minister stressed the need to boost economic relations between the two countries and, while voicing satisfaction towards recent developments, welcomed the initiative to launch branches of Iranian banks in his country.

Henrique Meirelles also called for cooperation over investment in agricultural arenas and rejoiced to say that talks between Brazilian firms and Iranian counterparts had been successful.

The official voiced his country’s willingness to supply Iran’s demands in the aviation sector and voiced optimism that existing barriers will be eliminated.

The two sides also agreed to hold a meeting of Iran-Brazil Joint Economic Commission within three months in Tehran.

HA/4117134

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