Iran-China joint cooperation document signed

Photo: Iran-China joint cooperation document signed / Iran

Iran-China joint comprehensive cooperation document was signed by Iran's Economics and Finance Minister Ali Tayebnia and Chinese Commerce Minister Gao Hucheng here on Saturday, IRNA reported.

In the 15th economic cooperation commission meeting of Iran and China here on Saturday evening, Tayebnia said that according to the agreement, the final document for bilateral economic cooperation in different fields of industry, mine, energy, credit, finance, banking, health, transportation, shipping, agriculture, housing and urban planning, trade, communication and technology, labour and social welfare, urban and rural development and technological and technical cooperation will be arranged and executed.

He proposed that a permanent committee be formed to supervise and coordinate issues concerning execution of agreements and by holding monthly meetings to have a full control on fulfillment of agreements and reporting the result to heads of the both countries commissions.

The Iranian minister underlined that Iran's government is always interested in developing ties with important and effective countries.

ˈConsidering past good cooperation, I believe there are plenty of grounds for expansion of bilateral cooperation between the two countries,ˈ said the minister.

He called Iran's stock exchange as one of the most stabilized regional and world markets, adding that the market had played its role in privatization process in the country and with around 160 billion dollars has prepared necessary preparation to attract foreign investment.

Tayebnia, by referring to non-oil trade exchange level between the two countries, said that the exchange level between Iran and China in the past two years was more than 25 billion dollars.

In the meeting, in addition to signing the final document of the joint commission, a Memorandum of Understanding (MoU) on cooperation in the field of e-trade, arbitration and judgment to settle and remove disputes between businessmen, Iran-China industrial park cooperation and increasing economic and trade ties and exchanges were signed, too.

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