( IRNA ) -Deputy Foreign Minister Mehdi Mostafavi said that Iran will re-open its embassies in Chile, Colombia, Ecuador, Nicaragua and Uruguay.
"We will also launch a representative office in Bolovia," he told the International Conference on Latin America in Tehran.
"A number of Latin American countries have also expressed their willingness to launch or re-open their embassies in Iran." Mostafavi said Iran and the Latin American countries can expand their ties in intellectual, cultural and economic fields in addition to the existing close political relations.
Welcoming the shift of attention of countries like China, Russia and India to the Latin America, he said, "Expansion of ties between Iran and the Latin American states will serve as an example for the South-South cooperation."
"We have taken the initial steps in expansion of economic ties.
The Bank of Export Promotion will soon start its activities in Caracas with branches in several other countries."
Mostafavi expressed the hope that with the steps taken, Iranian and Latin American nations will be able to deepen their understaing.
The day-long international conference on Latin America opened with a message from President Mahmoud Ahmadinejad, aiming to familiarize Iranians with developments and opportunities for cooperation in Latin America.