Chief of Iran-Brazil Friendship Association Mirqasem Mo'meni said that the Islamic Republic is planning to open a trade center in the Brazilian capital Brasilia, the local satellite Press TV reported on Sunday.

Mo'meni said here Saturday that the center would further promote trade cooperation between the two countries and it would facilitate expanded trade between Iranian and Brazilian businessmen, the report said.

The Brazilian government has announced that it would maintain level of ties with Iran used to be under Brazil's ex-President Lula da Silva.

Under President Lula, Iran enjoyed close political and economic relations with the South American country.