In the meeting, Ms. Ramos pointed to Iran’s capability in the pharmaceutical and medical sector especially in the field of cancer and called for investments of Iranians in mining, gas and petrochemical projects in Bolivia, too.

She then referred to some agreements between the two countries in the past and stipulated that the most important ground for cooperation between Iran and Bolivia is in the mineral material named lithium that Bolivia is has many lithium reserves.

She also pointed to the Bolivian Government’s policy for becoming the energy hub in the region and said the government stepped into the gas and mining sectors and producing petrochemicals, and it is defining big projects in this field. She noted that Iranian investors can participate in this field, adding that perhaps small and medium size industries are dominating Bolivian economy but the government is determined to create and to strengthen the big industries.

Ramos also called for cooperation of the two countries in the medical and pharmaceutical field especially in the field of cancer, and stated that a large number of studies have been conducted on cancer in Bolivia and due to Iran’s experience in this field, Bolivia counts on cooperation with Tehran on this field.

She also pointed to the capabilities of her country in export of meat to Iran and continued that important infrastructure is needed for export of meat like halal standard which Bolivia is currently missing it. Therefore a slaughterhouse is needed to be built with investment of Iranian business activists and the ground is ready for implementation of this project for infrastructures, she added. Ramos noted she is well aware that Iran provides major part of its meat demand from Brazil and Bolivia can help Iran in this regard.

Ramos also called for holding virtual meetings between economic activists and statesmen of both countries in the pandemic era and called for planning for it.

Shafei, for his part, pointed to Bolivia’s good capacities in terms of mineral materials reserves and pointed to the capabilities of Iran in the mining industries, adding that this field can be a good ground for bilateral cooperation between Tehran and La Paz.

He said he believes agro products of Iran and Bolivia are complementary and both countries can have joint projects and cooperation in agro sector. He emphasized investment of Iranian companies in Bolivia and especially in the field of medical and health, adding that years ago the two countries started good cooperation and even Iranians invested and built a clinic in Bolivia but unfortunately those co-operations got pale.

Shafei said although Iran and Bolivia have good political ties, they should try to improve their economic and trade ties. He then announced Iran’s readiness for cooperation with Bolivia in medical sector and halal standard.

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Guadalupe welcomed the Iranian private sector’s investment in medicine and health, mining, gas, and petrochemical projects, the portal of ICCIMA reported.

During the meeting, Shafeie also pointed to Bolivia’s recent economic reforms and said: “The [Bolivian] government has pursued reforms in the oil and agricultural industries that have had significant results.”

“Given that Bolivia has abundant gas resources, it has always been of interest to its neighbors in the Latin American region,” he added.

He referred to the agreement between Iran, Venezuela, and Bolivia in the field of the oil and gas industry, and noted that this agreement has not been properly implemented.

Shafeie further mentioned Bolivia’s good potentials in the mining sector and noted the country could benefit from Iran’s capabilities in this area.

According to the official, Iranian and Bolivian agricultural products are also complementary, so joint projects can be defined in this field as well.

The ICCIMA head emphasized the investment of Iranian companies in Bolivia, especially in the field of health, and said: “Years ago, the two countries started good cooperation and even Iranian investors were able to establish a clinic in this country; Unfortunately, these collaborations gradually diminished.”

He praised the political relations between the two countries and continued: “Considering that the two countries have good political relations, we should try to improve the level of economic and trade relations between them accordingly.”

Elsewhere in the meeting, Guadalupe pointed to the agreements reached between the two countries in the past and specified: “The most important area of cooperation between Iran and Bolivia is related to a mineral called lithium, which has huge reserves in Bolivia.”

She also referred to the Bolivian government’s strategy to become an energy hub in the region, adding that her government is defining major projects in gas, mining, and petrochemicals in which Iranian investors can participate.

“Small and medium-sized industries may cover a large part of the country’s economy; But the plan is to create and strengthen large industries,” she stressed.

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TEHRAN (Iran News) – Foreign Direct Investment recorded that Iran FDI has reached to about 32 percent growth in the industrial sector in the first six months of the current year (from March 21 to Sept. 22).

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