26 - 28 Sep 2018

Tehran Goftegoo Park

Official Denies China’s Ban on Investment in Iran

In an interview withTasnim on Saturday, Asadollah Asgaroladi pointed to the rising number ofChinese delegations visiting Iran to weigh investment opportunities, sayingthat misleading reports would only hamper foreign investment in the country.

According to Asgaroladi, four major Chinese delegations from theautomobile, mining and food industries are planned to visit Iran from the nexttwo weeks to evaluate the situation for investment.

As regards the obstacles to banking ties between Iran and China,he said an Iranian delegation including representatives from the Central Bankof Iran and the Ministry of Industry would travel to China to address theissue.

Last month, Iranian Minister of Industry, Mine and TradeMohammad Shariatmadari said Iran and China’s economies are complementary,proposing the formation of a joint working group to pursue businessnegotiations and promote cooperation between the two countries’ private banks.

In January 2016, China’s President Xi Jinping paid an officialvisit to Iran and signed several agreements to enhance political and economicinteraction with Tehran.

Unveiling plans for a huge rise in trade ties between Tehran andBeijing, Iranian President Hassan Rouhani announced at the time that the valueof bilateral economic exchanges is expected to rise to $600 billion within 10years.

Source: Tasnim News Agency

Published: 01/07/18