Iran China

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

China defends lawful business ties with Tehran

China, Iran’s top oil customer, says commercial cooperation between the two sides does not harm other countries interests and thus should be protected from unilateral US sanctions.

Trade

China’s SAIC Motor to stay in Iran

Vice president of Sanat Khodro Azarbaijan (Azarbaijan Vehicle Industry Co), Faroborz Zarei said, “Given the investment of SAIC Motor automotive manufacturer group in Iran, Sanat Khodro Azarbaijan’s activity won’t be affected by US’ unilateral sanction against Tehran”.

Mine and Industry

Chinese refiner stops oil imports from US, turns to Iran

An independent Chinese refiner has suspended crude oil purchases from the United States and turned to Iran as one of its sources of crude, a report said.

Energy