Baku, Azerbaijan, May 24
By Fatih Karimov - Trend:
Iran and China will sign two memorandums of understanding on investment and export, said Assadollah Asgaroladi, head of the Iran-China Joint Chamber of Commerce.
The documents will be signed on the sidelines of a meeting between a Chinese trade delegation and officials from Iran's Trade Promotion Organization in Tehran, May 24, Asgaroladi said, Tasnim news agency reported.
Under one of the deals, China will invest in Iran's state projects, he said, adding that the second deal foresees increasing exports from Iran to China.
He further said the deals' details and figures are to be set during the mutual talks today.
The Chinese trade delegation, which is in Tehran for talks, is the largest business delegation to visit the Islamic Republic in recent years, noted Asgaroladi.
China was the main importer of Iranian goods during the last fiscal year (ended March 20).
Beijing's imports accounted for 20.2 percent of Iran's total non-oil exports in terms of value and 33 percent in terms of volume.
Iran exported 25.6 million tons of non-oil goods, worth $7.23 billion to China during the period.