Tehran, Beijing to bolster banking ties

TEHRAN, Jun. 22 (MNA) – CBI governor has announced the plan to develop economic and trade relations with countries which backed Iran during sanction years including China.

Valiollah Seif made the remarks during a meeting with the visiting Chinese delegation adding “Iran welcomes foreign investors and institutions as a prerequisite to economic development.”

While meeting with Vice Chairman, President & Chief Investment Officer of China Investment Corporation (CIC) Lee Keping, the Iranian official pointed to the positive relations between the two countries voicing Iran’s willingness to expand trade cooperation with China; “the Iranian president is eager to broaden relations and collaboration with countries which were friends in need for Iran during tough years of imposed sanctions.”

“Accordingly, trade and economic relations with China will be further deepened,” noted the governor of the Central Bank of Iran (CBI).

Seif enumerated the Iranian government’s achievements in trade and economic arenas emphasizing the need to attract foreign investment; “since the incumbent government took office, economic policies and effective measures have been taken to curb inflation, provide monetary and fiscal discipline, stabilize various markets including the foreign exchange one as well as that foreign investment would accelerate the process of economic growth.”

“Correspondingly, Iran welcomes investments on the part of economic activists as well as China Investment Corporation (CIC),” underscored the official.

CBI governor outlined debt clearance by international insurance companies as a post-JCPOA measure maintaining “so far, effective steps have been taken for settlement of debts to Italian, Austrian, French and German insurance firms and important resolutions have been reached in launching banking relations with Asian and European countries.”

CIC Vice Chairman Lee Keping, for his part, described the activities of his corporation expressing eagerness to participate in developmental plans of the Islamic Republic of Iran.

“We have commenced cooperation with the National Development Fund of Iran (NDFI) while we need to receive information form the CBI on fiscal policies, foreign investment as well as procedures for participation in the Islamic Republic of Iran,” he asserted.

By Mehr News Agency