Iranian, Chinese officials sign agreement (Archives)
Photo: AP
China, Iran ink major infrastructure, trade deals
Tehran, Beijing mark 40 years of diplomatic ties by expanding civilian partnerships
China and Iran on signed several on infrastructure and trade collaboration agreements Saturday, further testifying to the already strong political and economic ties between the two countries.
He Guoqiang, of the Communist Party of China (CPC) and Iranian Vice President Mohammad-Javad Mohammadizadeh witnessed the signing ceremony.
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According to the Islamic Republic's IRNA news agency, under the agreements, Chinese companies will invest heavily in several major infrastructure projects in Iran, and will also import large quantities of chrome ore from Iran.
In 2010, the China and Iran's bilateral trade came to $29.3 billion, up 38.5% from 2009. China has also given financial and technological support to some major infrastructure projects in Iran.
The deals were singed as Tehran and Beijing's marked 40 years of diplomatic ties.
China and Iran established diplomatic relations in 1971 and bilateral relations have developed steadily in recent years.
Mohammadizadeh noted that bilateral relations have developed steadily in recent years and expressed hope that ties between the two countries would be expanded in the future.
Iran and China, he added, "Are keen to boost their interactions and… seize every opportunity to expand relations in all spheres."
Guoqiang added that the Iran was one of China's most important trade partners.
Iran is currently China's third largest supplier of crude oil, providing China with roughly 12 percent of its total annual oil consumption.
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