Iran, China seek to develop trade

Business Materials 22 March 2019 14:24 (UTC +04:00)

Tehran, Iran, March 22


Iran's Minister of Economic Affairs and Finance Farhad Dejpasand has announced that the country seeks to expand trade, energy, educational and technical ties with China.

Dejpasand paid a two-day visits to China to attend the 17th Iran-China joint economic commission in Beijing, Trend reports citing IRNA.

Iranian official and his Chinese counterpart reviewed the solutions to expand cooperation between the two countries in investment, trade, banking, communication, energy, environment, agriculture, education, culture and tourism.

Two sides signed two memorandums of understanding between Iran Chamber of Commerce and China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE).

Iran's Minister of Economic Affairs and Finance noted that Tehran aims to have significant role in the China's new Silk Road programs.

He pointed out that the Silk Road is an important route to boost the technical, infrastructural, transportation and energy ties.

It is expected that Iran will attend the second Belt and Road Forum for International Cooperation in April.

Iranian official has also attended investment opportunity meeting insisting the US sanctions should not prevent the expansion of Iran-China economic ties and the foreign investors will be secured and their profit would be more than their losses.

"The oil and gas industries and petrochemical refineries, auto, steel and eco-friendly industries alongside with the railway and transportation network have potential to attract investment," he said. "We are ready to assign the investment on sewage system and water desalination of 100 cities in north and southern coasts to Chinese investors."

The economic and trade officials of China have insisted the Chinese market needs Iranian energy and petrochemical products.