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Iran-China Trade Exchanges To Reach 7 Billion Dollars

Tehran, Dec 11, IRNA -- Iran-China trade is expected to rake in 7 billion dollars by the end of the current year, an official of the Iran-China Chamber of Commerce said in Tehran on Saturday.

Talking to IRNA, Ali Hamzeh-Nejad termed the current level of bilateral cooperation as "good," adding that bilateral trade stood at 5.6 billion dollars in 2003.

He said that China's exports to Iran stood at 2 billion dollars while Iran's exports to China stood at 3.6 billion dollars in 2003.

Oil, petrochemical and mineral products, construction materials and foodstuff were among Iran's exports to China, he said, adding that clothing, home appliances, shoes, electric and electronic equipment were among its imports from China.

Alluding to the growth of Tehran-Beijing relations, he said that annual commercial exchanges is expected to reach 10 billion dollars at the end of the Fourth Economic Development Plan in 2010.

Hamzeh-Nejad said that the contract signed between officials of the two countries during the visit of Iranian Oil Minister Bijan Namdar-Zanganeh to Beijing in November proves their determination to bolster their economic and trade cooperation.

... Payvand News - 12/11/04 ... --

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