Double increase in transactions of Chinese Muslim province with Iran

Beijing, May 7, IRNA – The Customs Department of China’s Xinjiang Province Wednesday announced that volume of trade transactions of the province with Iran was doubled.

The Muslim-populated Xinjiang is situated in northwest of China on the economic strip of the Silk Road with the city of Urumqi as its capital. The main ethnic group of Xinjiang is the Uyghurs.

The customs department wrote in a latest report that despite a reduction of 38.2% in the total trade transactions of the province in the first quarter of the current year, cooperation with Iran has significantly grown in the period.

According to the report, trade cooperation between the province and Iran amounted to almost 9.3 billion Yuan (about $1.6 billion) which shows an increase of 89.4 over the same period last year.

Last year, the Chinese government announced its decision of turning the region to an “international transit” region in order to boost economic relations and develop tourism in the Muslim populated province.