China, Iran ink MoU on exports credit insurance
Baku, Azerbaijan, May 8
By Khalid Kazimov – Trend:
Central Bank of Iran (CBI) has inked a memorandum of understanding (MoU) with Sinosure, China Export and Credit Insurance Corporation, on issuing exports credit insurance.
Under the MoU, Sinosure will insure finances provided for implementing developmental and industrial projects in Iran, Ibena (Iranian banks and economy news agency) reported.
The MoU between the CBI and Sinosure was signed in Tehran on May 8.
Trade turnover between Iran and China stood at $9.01 billion in first three months of 2017, according to the latest statistics released by the Chinese Customs Administration.
China's exports to Iran in the 3-month period amounted to $4.158 billion, 32.9 percent more year-on-year.
The country also imported $4.85 billion worth of goods from Iran in that period, 85.9 percent more compared to the 3-month period of 2016.