Iran News ...


04/25/10

Iran, China Finance Ministers meet in Washington

Source: Mehr News Agency, Tehran

Iranian and Chinese finance ministers met in the U.S. on Sunday and underlined plans to enhance economic ties and increase the mutual trade level to $20 billion. The Mehr News Agency reported that on the sidelines of the World Bank summit in Washington, Shamseddin Hosseni met Xie Xuren.

Hosseini pointed to Iran's immediate privatization policy and said that foreign companies, especially Chinese firms, can cooperate in the country's lucrative investment projects such as oil refineries and petrochemical plants.

He added that there were numerous venues for joint investments in the two countries and economic relations should advance to same level of political ties.

The current $10 billion trade level should rise to $20 billion, he reiterated.

The Iranian minister of economy and finance invited his Chinese counterpart to visit Iran and witness the country's important economic developments and foreign investment projects.

Xie Xuren highlighted the two countries' common cultural and historic grounds and called for an increase in economic and trade relations between Iran and China.

He expressed his satisfaction with the Iranian official's suggestions and noted that the two countries were in a reconstructing phase of their economies meant to benefit their nations.

... Payvand News - 03/25/16 ... --



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