Iran's Influence in Latin America

The recent loan of $280 million given to Bolivia by the Iranian government serves as another example of Iran’s growing influence in Latin America.  This loan is given to Bolivia in addition to 1.1 billion Euros that Iran pledged in August 2007 to invest in Bolivian agriculture, industry, energy and humanitarian affairs.  Many leftists regimes in the Latin America -including Venezuela, Cuba, Nicaragua, and Ecuador- have developed strong bilateral ties with the Iranian government.  This Press TV article details the close relationship enjoyed between Iran and countries in Latin America:

Venezuela
Since coming to power in 1998, President Hugo Chavez has increased cooperation with Tehran. He has made five official visits to Iran and has publicly stated that he considers the country a model for development. Iran has cemented its relations with Caracas through investment, with bilateral trade currently standing at approximately $2.5 billion. In March 2007, Iranian vehicles were introduced to the Venezuelan market through joint venture Venirauto; energy companies in the two countries have formed a joint venture company, Venezirian Oil.

Venezuela and Iran have agreed to act jointly in the Organization of Petroleum Exporting Countries (OPEC). They are also working together to persuade other oil-producing countries to reduce oil production in order to raise prices and thus promote their economic development. Chavez has welcomed Iran’s observer membership of the Cuban-Venezuelan alternative to the US-promoted Free Trade Area of the Americas, which further illustrates the growing relationship between Caracas and Tehran.

Cuba

Cuba is one of Iran’s most natural allies in the region. US sanctions have been imposed on both countries as a penalty for their pursuit of independent policies. Cuba has repeatedly defended Iran’s right to access nuclear energy. In a February 2006 vote at the International Atomic Energy Agency (IAEA), Cuba, along with Venezuela and Syria, voted against an unfair resolution, promoted by imperialist and Zionist international circles, to impose sanctions on Iran. Havana and Tehran are now exploring cooperation in the textile, agriculture, and petrochemical industries.

Nicaragua

In 1979, the Sandinist revolution in Nicaragua destroyed the incumbent pro-US regime and became a light of hope for Latin America. The revolutions of Nicaragua and Iran soon initiated friendly relations and Nicaraguans found inspiration in the Iranian revolution.

The victory of Daniel Ortega in the 2006 presidential elections has deepened Iran-Nicaragua relations. Iranian President Mahmoud Ahmadinejad was a guest of honor at Ortega’s inauguration ceremony in January 2007, where the Iranian president was awarded two state medals. The two leaders signed agreements for bilateral cooperation in 25 sectors including energy, trade, the economy, infrastructure, student exchange, and joint business ventures.

Brazil – Mexico – Ecuador

In 2004, Brazil and Iran took their first step toward economic and political cooperation by signing a memorandum of understanding for increased communication and commercial exchange. In February 2005, Iran and Mexico signed a memorandum of understanding to promote collaboration in oil, gas and petrochemical sectors. Iranian authorities have already met with officials from Mexico’s state oil company, Pemex. Iranian-Ecuadorian cultural and commercial cooperation has also increased in recent years and Ecuadorian President Rafael Correa has stated that he wants closer ties with Tehran.

Photo taken from the Fars News Agency.