During the meeting in the Brazilian capital on Tuesday, Karbasian and Meirelles explored avenues for bolstering and reinvigorating of bilateral relations, between the two countries' banks in particular.
"We welcome Iranian banks to open their branches in Brazil," Meirelles said.
The French finance minister reiterated that Iran-Brazil economic relations have shown satisfactory results.
He underlined investment in Agriculture, specially medium-sized and heavy weight industries, and said, "Brazil welcomes talks between certain major Brazilian companies and their Iranian partners, specially in energy generation."
Meirelles also voiced interest in meeting Iranian aviation fleet needs and said that the hurdles will be hopefully removed.
The two sides agreed on holding Iran-Brazil joint economic cooperation commission session in Iran by next two to three months.
In relevant remarks in November 2016, former Iranian Economy Minister Ali Tayyebnia and Brazilian Minister of Industry and Commerce Marcos Pereira in a meeting in Brasilia underlined the need for broadening of mutual cooperation in different fields, specially economic and trade areas.
During the meeting in the Brazilian capital, Tayyebnia and Pereira explored avenues for bolstering and reinvigorating bilateral economic ties.
"Tehran attaches importance to expansion of commercial cooperation with the South American countries mainly in the fields of agriculture and industries," the Iranian economy minister said.
He underlined that Brazil enjoys high potentials in agriculture and animal products.
"Iran has various potentials in exports of gas, oil derivatives, petrochemicals and handicrafts which can help enhance level of economic cooperation between the two countries," Tayyebnia added.
The Brazilian minister, for his part, expressed the hope to witness a growth in the volume of trade exchanges between the two countries.
He also hoped that several memoranda of understanding (MoU) on expansion of economic cooperation between Iran and Brazil would be inked in the future.
In October 2016, Oil Minister Bijan Zangeneh said Iran is interested to develop its relations with Brazil and is also ready for cooperation with the Latin American country in various fields of energy, including LNG and deepwater drilling.
“Both countries are oil-rich and Brazil has valuable experience in deep-water oil production,” he said at a meeting with the visiting Brazilian Minister of Development, Industry and Foreign Trade Armando Monteiro.
“Iran needs Brazil’s experience in deep water drilling in order to use them for producing oil in the Caspian Sea,” the Iranian minister added.
