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Iran, China review expansion of economic cooperation

Iran Materials 10 January 2007 11:38 (UTC +04:00)

(IRNA) - The General Assembly of Iran-China Chamber of Commerce, Industries and Mines (ICCIM) kicked off.

Head of Iran-China Chamber of Commerce, Industries and Mines Asadollah Asgarowladi said in the meeting that the current volume of trade between Iran and China stands at about dlrs 13 billion of which the share of private sectors is about 40 percent.

Referring to increasing volume of commercial ties between the two countries, he said the two sides are determined to further broaden economic cooperation and the private sectors should play a decisive role to this end, reports Trend.

Iran plans to boost exports of goods and commodities, he said adding, "We have always called on the Chinese side to manufacture and produce our demands in our country and let the rest be exported to other countries."

Referring to the volume of trade exchange between Iran and China in 2006, he said according to the latest statistics issued by Chinese customs office, the volume of trade between the two countries stood dlrs 13.42 billion until the end of November showing an increase of 42.1 percent compared to the figure for the corresponding period last year.

It is predicted that the volume of trade between the two countries would reach about dlrs 15 billion by the end of 2006, said Chinese Ambassador to Tehran Liu Zhentang.

China is Iran's biggest trade partner and Iran, after Saudi Arabia in the Middle East region, is the biggest trade partner for China, he said.

China imported some dlrs 2 billion of non-oil commodities in 2006 and is considered as the biggest importer of non-oil commodities from Iran, he said.

The two sides have signed agreements on huge economic projects valued at dlrs 5.50 billion, he pointed out.

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