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Brizal, Iran to boost economic ties

05-17-2010 08:24 BJT

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Turning to Tehran now Brazilian President Luiz Inacio Lula da Silva, says Brazil will finance a billion euros worth of food exports to Iran in a bid to make trade between the two countries less dependent on foreign banks.

The president attended an Iranian and Brazilian trade conference in Tehran Sunday, with his Iranian counterpart Mahmoud Ahmadinejad.

The conference aims to boost economic cooperation between the two countries. He says, improved finance and trade between the two countries is necessary.

Lula, is also in Tehran to help mediate a standoff over Iran's nuclear program, as Brazil seeks more diplomatic clout on the world stage.

Luiz Inacio Lula da Silva, Brazilian President, said, "We need to increase tourism, multiply air connections and capitalise on the opportunities opened by our agreement of sporting cooperation. We will not reach our goals without an agile and ambitious mechanism of financing and commercial operations."


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