President Ahmadinejad made the remarks in a meeting with the visiting Brazilian President Luiz Inacio Lula da Silva who is in Tehran to attend the 14th Summit of the Group 15 member states.



“We are determined to consolidate such strategic approach for long-term ties with Brazil,” said the Iranian president.



Speaking at the 14th Iran-Brazil Commercial seminar and after signing several documents on expansion of economic cooperation, he said the current economic cooperation should be enhanced to a satisfactory level.



He said that at the first stage, “We have decided to increase trade between Iran and Brazil to dlrs 10 billion and the figure will be boosted in the next phases.”



President Ahmadinejad said that expansion of relations and cooperation will be to the benefits of both nations and the entire world nations as well.



“We are at the early stages of such long lasting relations although political ties between the two countries dated back to over one hundred years,” said the Iranian president.



"Iran and Brazil as two leading countries in the Middle East and South America should reach desirable level of interaction and mutual cooperation.



"The Islamic Republic of Iran like Brazil is determined to swiftly attain success and development."



Cooperation between Iran and Brazil based on friendship and justice; he said adding that the two sides share ample of commonalities.



Iran and Brazil are opposed to aggressions, tyranny and advocate peace, tranquility, development and justice for all nations round the globe, said the Iranian president adding that Iran regards Brazil success and development as its own.



Grounds for expansion of long term and full scale cooperation between the two countries is now well-prepared, he said.



A number of Brazilian ministers are accompanying President Lula da Silva in his visit to Iran.



The G-15 summit meeting is to be held on May 17 in the Iranian capital with the participation of leaders and senior officials from the Asian, African and South American countries.



Group 15 was established in September 1989 to develop economic cooperation among the developing countries.



The G15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Its membership has expanded to 18 countries, but the name has remained unchanged.



Iran, Malaysia, Sri Lanka, Indonesia, India, Argentina, Brazil, Venezuela, Chile, Jamaica, Mexico, Algeria, Egypt, Kenya, Nigeria, Senegal and Zimbabwe are members of the G15.