China seeks to boost investments in Iran
Azerbaijan, Baku, Nov.9 / Trend F.Milad/
Iran-China Joint Chamber of Commerce Chairman Asadollah Asgaroladi has called upon Chinese investors to take part in Iranian economic projects, the IRNA news agency reported on Wednesday.
Addressing a gathering of Chinese investment and trade entities in Beijing, Asgaroladi added that trade between Iran and China will surpass $40 billion in 2011.
"We aim to increase bilateral trade to $100 billion within the next four years," he said, adding that China's direct investments in Iran amounted to $510 in 2010.
He predicted that the figure would rise to $1.5 billion in 2012.
Iran is the third largest oil supplier to China.
Iran mainly exports crude iron, steel parts, copper, pistachio, saffron and other non-oil products to China.