Iran, China agree on consolidation of trade ties

TEHRAN (FNA)- Iranian Minister of Economic Affairs and Finance Ali Tayyebnia and Chinese Commerce Minister Gao Hucheng agreed to increase the volume and value of trade between Tehran and Beijing.

In a meeting in Tehran on Saturday, the two ministers signed a joint cooperation agreement to increase the amount of their non-oil trade to $20bln a year.

The Chinese commerce minister, who arrived in the Iranian capital on Saturday, is heading a delegation of more than 20 top officials and business leaders, who are taking part in the 15th meeting of the Iran-China Joint Economic Cooperation Commission.

“The Iranian government has always been interested in developing relations with major and influential countries and, because of good cooperation in the past, I think there are much potential for the development of mutual cooperation between the two countries (Iran and China),” Tayyebnia said.

Early in December, Iran’s President Hassan Rouhani and Chinese State Councilor Yang Jiechi expressed their satisfaction with the close and growing relations between Tehran and Beijing, and pledged to do their best to further expand the bilateral ties in all spheres.

In a meeting in Tehran, the Iranian president described relations between Tehran and Beijing as “strong” and “strategic,” expressing Iran’s willingness for the expansion of bilateral ties between the two nations.

The Chinese official, for his part, said that Beijing seeks to broaden its regional and international cooperation with Tehran, outlining his country’s latest decisions to increase economic exchanges with Iran.

Trade between Iran and China in the past year was estimated at $45bln.

Iran is currently China’s third largest supplier of crude, providing Beijing with roughly 12 percent of its total annual oil consumption.

By Fars News Agency


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