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Iran-China trade exchanges to reach $16b: Ambassador

Tehran, April 4, IRNA - The volume of trade exchanges between Iran and China will reach dlrs 16 billion in 2007, Chinese ambassador to Iran predicted on Wednesday. Liu Zhentang said in a gathering in Iran's Chamber of Commerce, Industries and Mines that the figure stood at dlrs 14 billion in 2006.

Iran and China try to increase bilateral trade exchanges through expanded activities of private sector more than ever, the ambassador added.

According to the Chinese envoy, about two thirds of Iran-China commercial ties is between the two countries' public sectors.

Turning to the good political relations of the two countries, he stipulated that as a result of proper relations, trade ties have also improved in the recent years thanks to the efforts of Iran-China Chambers of Commerce.

More than 32,000 Iranians traveled to China in the past year, who were mostly introduced by the Chamber, he said.

"China has implemented the policy of 'open doors' in recent 28 years and achieved successful results in this respect," he added, noting that due to the policy, the growth of gross domestic products (GDP) was double digit for five years.

Given it is still the second day after new year holidays in Iran, Iranian companies and individuals have properly showed their eagerness to expand cooperation with China, he said.

At the end of his remarks, he said that the embassy as the representative of Chinese government will try to expand commercial relations between the two countries.

On his part, Head of Iran-China Chamber of Commerce Asadollah Asgaroladi said that the amount of trade exchanges between the two sides will witness a significant increase from dlrs 14 to 16 billion in this year.

He called for expansion of share of private sector in Iran-China trade exchanges more than ever.

Iranian official expressed hope that political, economic and commercial cooperation between the two countries will increase and banking problems will be removed soon.

Deputy Head of the Chamber of Commerce for International Affairs Shamseddin Kharghani, for hip part, said in a preliminary session before the start of the gathering between Iranian and Chinese officials that the two sides scheduled to develop the role of private sector in commercial relations.

According to the agreements reached in the event, Iranian side is to pay four visits to China in the current year and the Chinese side also expressed its readiness to increase trips to Iran.

The two sides intend to ink memoranda of understandings in 2007 and 2008 on expansion of cooperation in private sector. The MoUs are scheduled to be signed by Chinese embassy and Iran-China Chamber of Commerce.

Kkarghani noted that if the two countries are to increase trade exchanges to dlrs 20 billion, preferable projects should be identified.

Pointing to the changes in Iran's economy in recent years, he added that in line with the Article 44 of Constitution, the Islamic Republic has bolstered potentials of private sector to invest even in oil industry of the country.

... Payvand News - 4/5/07 ... --

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