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Iran China

Iran’s FM Zarif tours Asia to rally support for Tehran against US pressures

India, Japan and China are Iran’s three biggest oil clients that have stopped their purchases after Trump Administration didn’t renew sanctions waivers. Iranian Foreign Minister Mohammad Javad Zarif has finished his Asian tour to rally these countries’ support behind Tehran at a time of heightened tensions with the US.

Trade

Tehran Int’l Book Fair opens to revive Silk Road through Chinese culture

The 32nd book fair held at the Iranian capital is offering thousands of books about China and its culture in a bid to revive the old Silk Road through cultural exchanges.

Society Economy

China eyes more investment in Iran

China International Contractors’ Association (CHINCA) says it wants to invest more in various projects in Iran as trade volume between two countries is eye-catching. He doesn’t detail which sectors are on its list.

Trade

Iran Chamber of Commerce signs MoUs with private Chinese food & drug entities

Iran and China are keen on boosting their bilateral trade as Tehran is looking more towards the East in the wake of US withdrawal from the 2015 nuclear deal. The MoUs are a sign that two Asian countries are moving forward in expanding their relations despite US sanctions.

Iran Chamber

China, Iraq maintain top positions as Iran non-oil export markets in 11 months

Although bilateral trade between Iran and China have seen a sharp dip, the Asian power is still the first destination of Iranian non-oil exports which, according to latest reports, are petroleum-based products are petrochemicals.

Trade

Steep decline in Chinese machinery exports to Iran could jeopardize nuclear deal: report

Data from Chinese General Customs Administration show that China-Iran trade has fallen dramatically in the two months following the reimposition of US secondary sanctions. Chinese exports to Iran have collapsed from about $1.2 billion in October 2018 to just $400 million in December 2018—a fall of nearly 70%.

Trade

First cargo shipment from East China arrives in Iran through Kazakhstan

It was sent on freight trains from a Chinese port in the East China Sea, later through the Central Asian country and finally made its way to northern Iran by sea.

Trade

Iran says oil money coming back from India, China, South Korea

Tehran has been able to establish financial channels with regional countries to pay its exports in their national currencies in a bid to unblock the flow of export money to the country.

Financial Markets

China says economic ties with Iran "durable, growing"

Beijing has been sticking to the 2015 Iran nuclear deal and has vowed to allow Iran to keep trade in a time when the US unilaterally abandoned the international treaty and reimposed sanctions on Tehran.

Trade

China Bank of Kunlun resumes Iran business

The main Chinese bank, handling financial transactions between Iran and China, has restarted work with Iranian businesses after a two-month hiatus. However, the decision still prohibits Iranians residing in the country to reactivate their accounts or do financial transactions.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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