A delegation of over 100 Chinese traders and economic managers attended a conference, titled Iran-China Investment and Business Cooperation Forum, in Tehran on Sunday. Chinese Commerce Minister Gao Hucheng led the delegation.
Addressing the opening ceremony of the conference, Iranian Industries, Mines, and Trade Minister Mohammad Reza Nematzadeh said seven free trade zones and 16 special economic zones are operating in Iran, which provide ample opportunities for Chinese investors.
Iranian Industries, Mines, and Trade Minister Mohammad Reza Nematzadeh
He further said that the two sides plan to sign cooperation agreements in financial, banking, housing, agricultural, and commercial sectors.
On February 23, Iranian Finance and Economic Affairs Minister Ali Tayyebnia and the Chinese commerce minister signed an agreement in Tehran, finalizing a roadmap to double bilateral trade over the course of three years.
Chinese Commerce Minister Gao Hucheng
The two countries expressed interest in boosting cooperation in a wide range of areas, such as the industrial, oil, gas, petrochemical, mining, banking, transportation, energy, communications, and information technology sectors.
Bilateral trade between Iran and China amounted to $36 billion in 2012.
In December 2013, Iran-China Joint Chamber of Commerce Chairman Asadollah Asgaroladi announced that annual trade between Iran and China could reach $38 billion by the end of the current Iranian calendar year (March 20, 2014).
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