Iran expects investments as part of 25-year deal with China

Business Materials 27 July 2020 17:04 (UTC +04:00)
Iran expects investments as part of 25-year deal with China

TEHRAN, Iran, July 27


Iran's national interests would be considered in the draft of the Iran-China 25 year agreement, said Deputy Chairman of the parliament National Security and Foreign Policy Commission Abbas Moghtadaei, Trend reports citing ILNA.

"So far no contract has been signed,"he said.

"Countries have various types of relations, but when the countries move beyond normal ties, their relationship becomes strategic, and they draft long term plans," he added.

"At the moment we only have a statement in regards to the agreement that includes some articles," he said.

"It is possible that the two sides have made suggestions but so far nothing has been signed and the only agreement was to start negotiations," he said.

Moghtadaei said Iran's relations with Asia should be expanded, since China is predicted to be the biggest trade power in the world in the next 8 years," he added.

"China can bring technology to Iran, although we are importing Chinese goods, but that is different from the 25 year agreement, it's expected that China would invest in Iran," he said.

"Drafting agreement requires efforts from both sides. Our country seeks to increase trade ties in the region, and in addition to the interests of the two countries we want regional countries to profit from this agreement," he said.