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Iran - China's transaction to hit $ 40 billion

Business Materials 11 July 2011 16:19
Iran - China's transaction to hit $ 40 billion

Azerbaijan, Baku, July 11 /Trend/

Iran has become China's second big trade partner in East Asia while It's predicted that volume of Iran - China transaction will surpass $40 billion in current solar year (started on March20,2011) , IRNA reported quoting China's Ambassador to Iran Yu Hongyang as saying.

"On 2010 China's export to Iran reached $11.1 billion and its import from Iran was $18.3 billion it's predicted that the volume surpass $40 billion in current year,"

The volume of transaction between two countries during first four months of the current solar year(started on March20,2011)reached $ 13.2 billion by 55 percent growth comparing same time last year.

Iran is China's third crude oil supplier and in recent years exported steel, steel ingots , copper, pistachio , saffron and other non - oil products to China.

China exported equipments, light industrial products, machineries, cars, agriculture and food products to Iran

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