"Today, Iran and Brazil have worked out a clear and common understanding of global issues and each other's capabilities," Ahmadinejad said in a meeting with Brazilian Development, Industry and Trade Minister Miguel Joao Jorge Filho here in Tehran on Tuesday.
Noting the Iran and Brazil have activated their existing potentials in the interest of their nations, he stressed that the relations between the two states which are based on friendship and constructive cooperation can be a good role model for the other countries.
"Iran is a good gate for Brazil's entrance into the Middle East region and Brazil is the same way a good gate for Iran's entrance into a vast part of the Latin America," Ahmadinejad said.
He also noted the upcoming visit to Iran by Brazilian President Luiz Inacio Lula da Silva, and described the trip as an opportunity for consolidating economic relations between the two countries.
Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has expanded Iran's cooperation with many Latin American states, including Venezuela and Cuba.
President Ahmadinejad went on a five-day visit to five African and South American countries in late 2009, which also took him to Brazil.
The International Monetary Fund (IMF) announced in a report in December 2009 that Brazil is the largest trade partner of Iran among the Latin American countries.
Also the new data showed that Iran's trade with Latin America tripled to $2.9bln in 2008.
The report said the turn-over of economic exchanges between Iran and its largest trade partner in Latin America, i.e. Brazil, reached around $1.3bln in 2008.