The Iran-Latin American Connection

THE IRAN-LATIN AMERICA CONNECTION 45M $945M ***. Venezuela, Mexico, Brazil, and Argentina were the major importers of Iranian goods. Trade between Iran and Latin American states is Brazil, Argentina, Chile, and Uruguay were the main exporters to Iran. currently around $945 million. 29.2%+ 29.2%+ 28.9%+ Ecuador and Iran have entered into an energy cooperation deal that calls for cooperation in the building of an energy refinery and petrochemical unit in Ecuador, training of Ecuadorian oil sector workers by Iranian experts and assistance with maintenance of Ecuadorian facilities. Ecuador's exports the past two years have been higher than in previous years. The previous record E was in 2006 with $6 million. The United States last year implemented sanctions against Venezuelan state oil company PDVSA after it had sent two shipments of gasoline additives worth $50 to Iran between December 2010 and March 2011. Iran and Venezuela have entered into more than two hundred bilateral agreements on a variety of issues. SOURCES: ISNA News Agency, Latinvex and Wilson Center Ecuador-Iran Trade $16.8M Iran exports to Ecuador $300,000 Iran imports from Ecuador $16.5M