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Iran, China to sing exclusive contracts within 25 year deal

Business 17 January 2022 14:47 (UTC +04:00)
Iran, China to sing exclusive contracts within 25 year deal

TEHRAN, Iran, Jan. 17

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Iran's Minister of Economic Affairs and Finance announced that the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive contracts which the two countries are going to start signing in the coming months, Trend reports citing IRNA.

Ehsan Khandouzi made the remarks on the sidelines of the signing ceremony of a memorandum between National Iranian Oil Refining and Distribution Company (NIORDC) and Bank Mella.

“In the coming months, we will start signing contracts not at the general level but in different specific sectors,” said the Minister.

On March 26, 2021, Iran and China signed a comprehensive agreement expressing a desire to increase cooperation and trade relations over the next 25 years.

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