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Iran urges for expansion of trade ties with China

Business Materials 6 December 2016 15:31 (UTC +04:00)

Baku, Azerbaijan, Dec. 6

By Khalid Kazimov – Trend:

Iranian Foreign Minister Mohammad Javad Zarif has urged for the expansion of trade ties with China.

Expressing hope for further improvement in relation between the two
countries, the senior diplomat called for removing obstacles to banking ties and issuing visas, IRNA news agency reported.

Addressing a conference on trade relation between Iran and China in Beijing, Zarif said that Iran looks for bright future regarding cooperation with
China.

Addressing the same conference, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Gholam-Hossein Shafei, described China as the first trade partner of his country, urging Beijing to contribute to efforts made aimed at removing obstacles to the expansion of trade ties.

Elaborating on ways for broadening cooperation, he said that the sides can pave the groundwork for producing Chinese products in Iran and exporting them to other countries.

Shafei further called on China to participate in creating industrial parks
in Iranian special trade zones.

Iran and China eye boosting the annual trade turnover to $600 million over the next decades.

The trade value between the two countries stood at $50 billion in 2014 and $35 billion in 2015.

Zarif at the head of a high ranking political and economic delegation has
arrived in China at the second leg of his regional tour to Asia. He is
expected to leave for Japan later during the day.

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