Iran’s Ministry of Foreign Affairs will Support Iranian firms to fulfill infrastructural projects in Latin America (LA).
However, Foreign Ministry’s Bureau for American Affairs will support Iranian companies which intend to invest in economic and infrastructural projects of Latin America overwhelmingly, so that necessary information will be provided to the Iranian companies with regard to business environment of target countries.
According to a report released by the Public Relations Department of Iran Water and Power Resources Development Company, Deputy Director General of Foreign Ministry for American Affairs Hojjatollah Soltani announced the above statement in the annual fast-breaking ceremony of the company in the presence of ambassadors of Latin American countries to the Islamic Republic of Iran and said: “Unfortunately, Iran economic activists’ knowledge on Latin America is insufficient, the issue of which has caused Iranian industrialists not to forge cooperation and collaboration with Latin American states.”
He called on country’s economic activists and industrialists to raise their knowledge on potentials and capacities exist in these countries.
Latin American states are considered as a priority for world’s top economies, he said, adding: “Economic relations forged by world’s top economies including U.S., China, Japan, India and even Turkey with Latin American states over the past 15 years showed that Latin American states have been at the focal attention of these countries.”
Elsewhere in his remarks, he pointed to the economic relations of other countries with Latin America and said: “When Turkey started its first joint plan of action with Latin American states in 2000, its transactions volume with these countries stood at $800 million, the rate of which hit $10 billion in 2015 which shows a considerable growth.”
He also put trade volume exchanged between South Korea with Latin American states in 2000 at $15 billion and said: “Presently, South Korea’s trade volume with these countries has stood at approx. $50 billion, showing a considerable hike.”
Also, he put the China’s trade volume exchanged with these countries in 2000 at less than $10 billion, the rate of which has presently increased up to approx. $245 billion at large.
Dam, power plant, water and sewage industries in Latin American states can be considered as a lucrative target market for our country, he mentianed.
In the end, Deputy Director General of Foreign Ministry for American Affairs Hojjatollah Soltani said: “Despite existence of efficient and competent manpower and high knowledge and technical know-how of domestic engineers, Iranian companies cannot enter direct talks for construction of projects in these states, the most important problem is the issue of providing credit or opening L/C for development projects.”
Unlike Iran, other countries enter competition scene with the leverage of providing credit and make hefty investment in projects of these countries such as construction of dams, etc.