Head of Iran-China Joint Chamber of Commerce says a fifth Iranian delegation will head to China to discuss setbacks to banking ties.

In the past four months, four Iranian delegations have visited China to deal with unresolved banking and other trade issues on behalf of Iranian merchants, Assadollah Asgarowladi said.

The fifth delegation will be dispatched to encourage Chinese authorities to fulfill their promises and will be joined by an Iranian ministry expert.

Asgarowladi underscored the high trade levels between the two countries which will grow to $200 billion in the next 15 years, adding any decrease in trade would adversely affect the Chinese.

During his meeting with Chinese Ambassador to Iran Xie Xiaoyan, Wednesday, Asgarowladi made it clear that an unambiguous response to the current issues surrounding the banking relations is expected.

Four out of ten Chinese banks have lifted the sanctions they originally imposed on Iran.

... Payvand News - 01/31/08 ... --