Iran, China agree to expand IT co-op

Business Materials 12 June 2015 14:48 (UTC +04:00)

Baku, Azerbaijan, June 12

By Fatih Karimov - Trend:

Iran and China agreed to expand cooperation in communication and information technology spheres based on the terms of a memorandum of understanding that should be signed soon.

Ministry of Industry and Information Technology (MIIT) of China Miao Wei met with Iran's new Minister of Communications and Information Technology Mahmoud Vaezi in Beijing on June 12, IRNA reported.

Vaezi said that Iran ready to boost cooperation in all spheres with China and ready to involve in reviving China's Silk Road project.

China planned to revive an ancient Silk Road with contributing $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia.

Despite the ancient road, China's project includes maritime routes.

China has increasingly grabbed Iran's technology markets in absence of western companies due to sanctions imposed over Iran's nuclear program.

Xu Zhijun, the company's Chief Strategy and Marketing Officer at Huawei said on June 12 that Iran is currently the largest foreign market for Chinese-made Huawei phones.

Last year, Huawei sold around 5 million mobile phones in Iran, Iran's Fars news agency quoted Xu.

The Iranian markets need some 14 million mobile phones annually.

Edited by CN