26 - 28 Sep 2018

Tehran Goftegoo Park

Chinese direct investment in Iran up 20%

He pointed to the ever growing development ofall-out relations between Tehran and Beijing and said, “Chinese company madedirect investment, valued at $2.3 billion, in Iran since 2013 up to the end ofcurrent Iranian month of Dey (Jan. 22, 2018), showing a considerablegrowth."

Speakingin Iran and China Investment and Business Opportunities Forum, he said,“political and economic diplomacy, expectations of community and politicians isa part of diplomacy according to the political and economic realities.”

Thedeputy minister of Economic Affairs and Finance (MEAF) reiterated, “Today, Iranis considered as one of the largest military, political and economic powers inthe region, so that it plays an important role in political and economicequation of the region significantly.”

Relationshipbetween Iran and China dates back to many years ago, he said, adding, “Iran wonfull support of Chinese government wholeheartedly before and after sanctionsperiod.”

Elsewherein his remarks, the deputy minister of economy pointed to the establishment ofAsian Infrastructure Bank (AIB) with the initial capital of $100 billion as themost important positive move taken by China and added, “the newly-establishedbank by Chinese government has managed to compete with the InternationalMonetary Fund (IMF).”

Hepointed to the amicable and friendly relations between Iran and China ininternational level and added, “the bilateral ties between Iran and China is onthe verge of considerable growth, so that such intimate ties between the twocountries has not thus far been tarnished.”

Presently,more than eight percent of oil and gas energy resources required by China isprovided from Iran, he said, adding, “Iran’s crude oil sales level to Chinastands at the highest level especially in the recent decade in way that Iranexports more than $11 billion worth of crude oil to China.”

Inconclusion, the deputy minister of economy said that total trade volumeexchanged between Iran and China in 2017 increased about 22 percent as comparedto the same period of last year, so that Iran’s first ever giant financingcontract was inked with China in investment field.

Source: Mehr News Agency

Published: 01/30/18