MP: Iran, China prioritize developing trade ties

IRNA – Chairmen of the Majlis Economic Commission Mohammad Reza Pour-Ebrahimi said on Tuesday that promoting trade cooperation is a priority for Iran-China relations.

Talking to Iranian reporters in Beijing, Pour-Ebrahimi said that meetings have been held between respective officials of Iran and China to promote economic relations.

He added that the Iranian delegation has put on the agenda developing economic cooperation with senior officials of China Communist Party during the current visit.

Pour-Ebrahimi, accompanying a delegation led by former Iranian lawmaker Gholamali Haddad-Adel is in China to attend the second Forum on Belt and Road slated to be held on April 25.

Referring to the fact that some meetings are supposed to be held on economic fields, he expressed hope that the meetings would help boost cooperation on banking and financial fields.

He went on to say that thanks to its historic role of the Silk Road, Iran has especial position in Belt and Road Initiative.

Reiterating the fact that China has put on the agenda financing economic projects in the second Belt and Road forum, the Iranian lawmaker said that naturally due to its sensitive position namely having access to Central Asia, high seas and Europe, Iran has a great and undeniable status which creates opportunity for developing economic ties with China.

Pour-Ebrahimi noted that implementation of economic projects regarding ‘Belt and Road Initiative’ would be one the most important topic for Iran, saying that negotiations will be held on financing and implementing economic projects, banking cooperation, creating new approach in banking transactions through digital currencies and establishing bilateral and multilateral monetary agreements.

The second Belt and Road forum is to be held with the attendance of over 5,000 foreign guests from 137 countries including 37 presidents and prime ministers and 150 ministers on April 25-27.

The Belt and Road Initiative (BRI), also known as the One Belt One Road (OBOR) is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Europe, Asia, Middle East, Latin America and Africa.