Iranian official predicts Iran - China trade to decline
Azerbaijan, Baku, Oct.6 / Trend F.Karimov/
Chairman of Iran-China Joint Chamber of Commerce Asadollah Asgaroladi predicted that trade between Iran and China will decline by 20 percent in the current year, ISNA reported.
The bilateral trade, including oil, petrochemicals, and gas condensates, amounted to $35 billion in the past year. But the figure will fall by 20 percent in the current year, he stressed.
In 2012, China invested $1.2 billion in Iran, he said, adding that the figure dropped to $200 million in 2013.
On September 2, Iran's Industry, Mine, and Trade Minister Mohammad Reza Ne'matzadeh called for an expansion of economic ties with China.
"Beijing is an important trade partner for Tehran and the two countries' rising trade volume proves the importance of their bilateral ties," he added.
The two countries trade value surpassed $13.6 billion in 2012. Iran's exports accounted for $5.4 billion of that amount.
According to statistics released by Iran's Customs Administration, the two countries' trade value including oil trade, is worth over $30 billion.