News ID: 167350
Published: 0649 GMT August 22, 2016

New chapter in Iran-LatAm ties

New chapter in Iran-LatAm ties

Foreign Minister Mohammad Javad Zarif heading an economic delegation from state and private firms started his trip to six Latin American nations – Cuba, Nicaragua, Ecuador, Chile, Bolivia and Venezuela.

It is indicative of a start of new era between Iran and Latin America and the fact that Iran’s foreign policy pursues moderation.

President Hassan Rouhani has emphasized on promoting ties with international community on the basis of mutual respect and interests as well as non-interference in internal affairs.

Improvement of Iran’s global position, removal of Western sanctions and reopening of economic development routes have driven the country’s foreign policy to boost mutual ties ― evident in Zarif periodic trips to Europe, Asia, Africa  and Latin America.

Latin America having an over 19.1 million area and 634-million population accounts for six percent of global trade. It can be a reliable partner for Iran in the light of its huge raw materials.

Iran intends to establish balance and moderation in political and economic ties with Latin American nations.

Apart from pursuing rational political goals, Rouhani’s administration plans to promote economic ties with Latin America.

According to Deputy Foreign Minister for European and American Affairs Majid Takht-Ravanchi, Latin America is a potential market for Iranian entrepreneurs and companies.

Tens of Iranian companies have accompanied Zarif to enhance cooperation in oil and gas sector, export technical-engineering services and promote non-oil exports.

Iran’s trade with three of Latin countries including Cuba, Ecuador and Nicaragua reached the lowest level during 2011-2014.  They registered lower levels of exports and imports with Iran in 2015.  Therefore, the incumbent government is determined to boost political and economic ties.

Tehran and Havana have numerous commonalities such as resistance against unfair sanctions.

Economic cooperation is high on agenda during Zarif’s visit to Cuba.

The first trade summit between entrepreneurs of both nations will be held on the sidelines of his stay. The chambers of commerce are to sign a memorandum of understanding to prepare the ground for economic cooperation.

The recent developments of both countries particularly removal of sanctions envisage a positive outlook for further cooperation.








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