Wet Infrastructure Summit
Monday, March 19, 2018
Directory Directory Subscribe

China commits $600 billion to Iran over 10 years


Please, enter data

Please, enter data

Reuters, 4 February 2016

Iran's Supreme Leader Ayatollah Ali Khamenei called for closer economic and security ties with China, as the two countries agreed to increase bilateral trade more than 10-fold to $600 billion in the next decade.

Iran's most powerful figure told Chinese President Xi Jinping during a visit Iran wanted to expand ties with "more independent countries", adding the United States was "not honest" in the fight against terrorism in the region.
"Iranians never trusted the West... That's why Tehran seeks cooperation with more independent countries (like China)," Khamenei said.

"Iran is the most reliable country in the region for energy since its energy policies will never be affected by foreigners," Khamenei was quoted by his official website as saying at a meeting with Xi.

Xi is the second leader of a U.N. Security Council member to visit Tehran since the nuclear deal Iran struck with world powers last year. Russian President Vladimir Putin visited Tehran in November.

Iran emerged from years of economic isolation this month when the United Nations' nuclear watchdog ruled it had curbed its nuclear program, clearing the way for the lifting of U.N., U.S., and European Union sanctions.

"Iran and China have agreed to increase trade to $600 billion in the next 10 years," President Hassan Rouhani said at a news conference with Xi broadcast live on state television.

"Iran and China have agreed on forming strategic relations (as) reflected in a 25-year comprehensive document," he said.

Iran and China signed 17 accords, including on cooperation in nuclear energy and a revival of the ancient Silk Road trade route, known in China as One Belt, One Road.

"China is still heavily dependent on Iran for its energy imports and Russia needs Iran in terms of its new security architecture vision for the Middle East," said Ellie Geranmayeh, policy fellow at the European Council on Foreign Relations.

"Iran plays quite an integral role for both China and Russia’s interests within the region, much more than it does for the Europeans," Geranmayeh said.

Khamenei said Iran would never forget Chinese cooperations during the sanctions.
"The China-Iran friendship ... has stood the test of the vicissitudes of the international landscape," Xi was quoted as saying by China's Xinhua news agency.

The Chinese state-backed Global Times newspaper said in an editorial on Saturday that China hoped to improve ties with Iran as part of its sweeping plan to rebuild trade links with Europe and Asia and carve out new markets for its goods.

"China is of course considering its self interest in strengthening cooperation with Iran, especially at a time when China is in the midst of expending efforts to push forward the One Belt, One Road initiative, Iran is an important fulcrum," the paper said.

Login to Add Your Comment  (for subscribers) | Subscribe


Latest News

Qatari economy witnessing continued growth: Minister
Qatar Tribune, 16 March 2018

Overcoming all challenges, the Qatari economy is witnessing continued growth by diversifying the sources of income, Minister of Economy and Commerce HE Sheikh ...

Read full story
Qatari economy witnessing continued growth: Minister
Iraq’s oil ministry calls for investors for Anbar refinery
Arab News, 15 March 2018

Iraq’s oil ministry on Thursday called on companies to invest in a project to build a 70,000 barrel-per-day oil refinery in the western province of Anbar.

Read full story
Iraq’s oil ministry calls for investors for Anbar refinery
Back to Home Page 3226 --- 0 <><><> 777.66666666667.....exvideo=0....eximage=0
P 0
BR 30

RetrofitTech Dubai

3rd Annual Mosque Design & Development Summit
1 - April 2018
4th Annual RetrofitTech Dubai Summit & Awards
10 - April 2018
The Annual Future Drainage & Stormwater Networks Abu Dhabi
2 - May 2018
Wet Infrastructure Summit
2 - May 2018
Future Civil Defense
7 - May 2018
  View more  

Market Indecies
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%

Beirut Boat Left Banner

Quick Links
  Brochures & Flyers  

Up-coming events
  Agriteq - 20 March - 22 March 2018  
  Project Qatar - 7 May - 10 May 2018  
  Qatar StoneTech - 7 May - 10 May 2018  
  Heavy Max - 7 May - 10 May 2018  
  Qatar Hospital Build - 7 May - 10 May 2018  
  Qatar School Build - 7 May - 10 May 2018  
  Qatar Sports Infrastructure - 7 May - 10 May 2018  
  Qatar Transport & Logistics - 7 May - 10 May 2018  
IFP Group Events Calendar

Magazine sections
  Growth Markets  
  Regional Overview  
  Tips and Tricks  
  Home Finance  
  Our Meetings
  Legal Issues


IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Beirut Boat
Energy Lebanon
Project Lebanon
Heavy Max
Project Qatar
Qatar Hospital Build
Qatar School Build
Qatar Sports Infrastructure
Qatar StoneTech
Qatar Transport & Logistics
Iraq Agrofood Baghdad
Saudi Arabia
Riyadh Motor Show
IFP Group 2018 - © All rights reserved