Iran's President Mahmoud Ahmadinejad will pay official visits to three Latin American countries on May 7- 8, or Thursday and Friday, the official IRNA news agency reported on Sunday.
Iran's Foreign Minister Manouchehr Mottaki made the announcement in an interview with a state TV channel that "The president is scheduled to visit Brazil, Venezuela, and Ecuador at the end of this week," the report said.
Mottaki referred to the president's visit to Brazil as "a new chapter of mutual ties...and very important."
In his visit to Brazil, Ahmadinejad will be accompanied by an economic delegation including "110 representatives from 65 Iranian companies in different sectors of oil, gas, petrochemicals, agriculture, food industry, car manufacturing and construction industry," IRNA quoted Iran's ambassador to Brazil Mohsen Shaterzadeh's recent statement as saying.
On Ahmadinejad's visit to Ecuador, Mottaki said it "aims to follow last year's agreements reached between the two presidents in Tehran."
In December of 2008, Ahmadinejad and his visiting Ecuadorian counterpart Rafael Correa Delgado called for the expansion of ties between the two countries.
Meanwhile, the ministers of oil, mines, agriculture and defense of the two countries emphasized the development of a joint economic commission by both sides as a help to "implement the agreements signed between the two countries."
Concerning the visit to Venezuela, Mottaki said it will be in line with the constant cooperation between the two countries and will aim at the "establishment of a joint fund for cooperation and investment in a third country with its headquarter in Caracas."
The fund is part of a joint Iran-Venezuela bank plan, the office of which opened last March in Tehran.
The United States have accused Iran of engaging in "subversive activity" in its backyard Latin America, particularly South America and Central America, under the cover of economic cooperation.