Iran, China Discuss Closer Economic Ties

TEHRAN (Tasnim) – Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia and a Chinese special envoy held talk on a whole host of issues, including new ways to deepen bilateral relations between the two Asian countries in various economic fields.

Iran, China Discuss Closer Economic Ties

In the meeting with Zhang Yi, the head of China’s State-owned Assets Supervision and Administration Commission (SASAC) in Tehran, Tayyebnia described Tehran-Beijing relations as “constructive and strategic”, saying that the two countries are determined to boost economic cooperation in various fields, including China’s direct investment in the Islamic Republic.

He further highlighted the positive role of China in the conclusion of the nuclear negotiations between Iran and six world powers and said in the new atmosphere after the nuclear agreement, the grounds have been provided for closer cooperation between the two countries.

“Sanctions and restrictions on our country’s economic and trade relations (with other nations) will be removed in the near future and we will enter a new phase of investment cooperation with China,” he noted.

China’s SASAC is a ministry-level body that directly oversees 112 central government industrial and service conglomerates.

The remarks come against the backdrop of a new wave of renewed interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran’s economic growth would rise remarkably after the final nuclear deal takes effect.

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