Brazilian Officials Eye Further Trade with Iran, Including Medical Devices

Following the international thawing of relations with Iran, Brazil’s Ministry of Development, Industry and Foreign Trade and Brazilian Trade and Investment Promotion Agency conducted a prospective trade mission to that country, with medical devices and hospital equipment being one of the areas of focus.

The mission took place last week and included 19 companies, 11 of which are already exporting to Iran.

The mission included seminars on opportunities for bilateral trade between the two countries, business meetings and technical visits.

According to a release posted on the APEX-Brasil website, the export value of instruments and optics devices has reached U.S. $ 1.17 million. Included in this group are heart valves, intraocular lenses, splints and other fracture appliances.

David Barioni Neto, president of APEX-Brasil, says the opportunities realized in the medical equipment arena in Iran provide a road map for other sectors.

According to a post on the Iranian Ministry of Economic Affairs and Finance’s news center, the two nations plan to hold a joint economic commission hosted by Brazil early next year.

The two said ecomic exchanges could grow to U.S. $5 billion. — Elizabeth Hollis