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Brazil looking to review trade tariffs with Iran

Business Materials 21 February 2022 16:49 (UTC +04:00)

TEHRAN, Iran, Feb.21

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Brazil is seeking to review and change trade tariffs to improve trade ties with Iran, said Minister of Agriculture, Livestock and Food Supply of Brazil Tereza Cristina, Trend reports citing IRNA.

"We are looking to increase agriculture-related trade between the two countries and also investment in private sectors," she said.

"Brazil's tariffs are not solely for Iranian goods, however, it is necessary to have a suitable tariff for bilateral trade and there would be negotiations with the Brazilian Minister of Economy to solve the issue," she indicated.

Iran-Brazil consultation committee is to be established in the second half of 2022 to accelerate the process of trade between the two countries.

The official noted that Brazil can import 2 million tons of urea fertilizers from Iran and consider import of apple and nuts, olive and olive oil from Iran.

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