During their meeting in Tehran on Tuesday, President Mahmoud Ahmadinejad and his visiting counterpart, Evo Morales, stressed the need to strengthen the resistance front formed by independent and freedom-seeking nations to fight against imperialism and global hegemony, Press TV reported.
President Ahmadinejad pointed out, "Under the current circumstances, imperialism is at its weakest point and it is the right time to boost an independent front against global arrogance."
He went on to say that free nations should take advantage of the status quo, which is in their favor now, to carry on with their battle against capitalism.
"There is no doubt that strengthening independent states will be to the benefit of global peace and security and will lead to demise of capitalism," Ahmadinejad noted.
President Evo Morales, for his part, called for closer ties among independent and revolutionary countries, saying that strong relations between Iran, Bolivia and other nations can weaken global imperialism.
"Fighting imperialism and injustice in the world are two important aspects which will further expand relations between Iran and Bolivia," the Bolivian president stated, adding that the two countries should cooperate in thwarting plots by enemies and reducing the vulnerability of independent states against imperialism.
Morales, who arrived in the Iranian capital on Sunday night for a three-day official visit to the country, was officially welcomed by the Iranian chief executive in the presidential palace on Tuesday.
This is Morales' second visit to Iran over the past two years.
During the first leg of his visit, Morales visited a tractor manufacturing company in Tabriz, in north-western Iran, ordering 1,000 tractors and assessing the company's readiness to set up a tractor production line in Bolivia.
Morales said that Iranian tractors are especially compatible with Bolivian geographical conditions.
In recent years, Iran has boosted relations with numerous Latin American countries, including Brazil, Bolivia and Venezuela.
Tehran and La Paz are also expected to sign agreements on cooperation in cement production, industrial machinery, and food industry projects.
In 2007, President Ahmadinejad became the first Iranian chief executive to visit Bolivia. During the trip, the two countries signed an agreement on conducting joint projects worth $1.1 billion over the next five years.