Economy Minister Ehsan Khandouzi says Iran and China talked about increasing the share national currencies in two-way trade during President Ebrahim Raisi’s visit last week to Beijing.
China commits to some $8.1 billion worth of investment and finance to Iran’s agriculture projects.
Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has said that Iran can play a key role as an export hub for the Shanghai Cooperation Organization (SCO) member states.
State officials and private sector representatives from Iran and China reviewed the potentials for further cooperation between the two countries.
Iranian President Ebrahim Raeisi said on Tuesday that implementation of a strategic 25-year agreement between Iran and China is pivotal to peace and stability in the region.
Iran and China have signed 20 documents and memoranda of understanding to further expand cooperation in various fields as Iranian President Ebrahim Raeisi is on a state visit to China.
Iran and China have a potential to triple the value of their annual trade to over $70 billion, according to a senior Iranian businessman who coordinates private-sector trade between the two countries.
Iran will supply a large shipment of honey to China in the near future, a first of its kind for the country’s honey industry.
The latest figures released by the Customs Administration of Iran (IRICA) suggest that China remained the number one importer of the Iranian commodities in ten months to January 20.
The volume of trade between Iran and China reached $15.795 billion in 2022 up seven percent from that of 2021, IRNA reported recent China customs figures.