Azerbaijan, Baku, Jul.6 / Trend F.Karimov/
A group of investors from China's Hubei province has paid a visit to Iran's East Azarbaijan province, discussing ways to boost cooperation in power and petrochemical sectors, the YJC reported.
Ahamd Alirezabeigi, the governor general of Iran's northwestern East Azerbaijan province, emphasized the importance of boosting cooperation between private sectors as a means to enhance economic ties between the two countries.
There is a good potential for cooperation in the expansion of power plants and the reuse of petrochemical waste, the official said.
In August 2012, Iranian Ambassador to China Mahdi Safari said that the Islamic Republic and China plan to increase the value of bilateral trade to $70 billion in five years.
Safari commented on Iran's opportunity to attract Chinese investors and said that over the past two years, the Chinese investment in Iran has risen from $120 million to $650 million.
He added that Chinese companies are keen to directly invest in Iran in various sectors, including mine industry.
The veteran diplomat also described China's fast-growing market as a good destination for Iranian goods and said Iran can export carpets, handicrafts, medicinal herbs, jewelry, and food items to the country.