Iranian, Chinese Firms Sign MoU on Agricultural Cooperation

News ID: 1086604 Service: Economy
ایران چین پرچم ایران چین

TEHRAN (Tasnim) – A major Chinese agricultural firm has penned a memorandum of understanding (MoU) with a leading Iranian engineering company in a bid to boost cooperation between the two countries in the field of farming industry, a report said.

China’s Liaoning Wellhope Agri-tech Joint Stock Co Ltd on Friday signed a cooperation document with Iran's Abzi Gostar Mobtakeran Tehran feed to set up joint venture in Iran following the removal of anti-Tehran sanctions, Reuters reported.

It comes after China’s President Xi Jinping paid an official visit to the Iranian capital in late January.

During his visit, high-ranking officials from Iran and China signed 17 cooperation agreements and memorandums of understanding (MoUs) as part of efforts to boost bilateral relations between the two Asian countries in diverse political and economic fields.

International interest in ties with Iran has been growing since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive nuclear deal and started implementing it on January 16.

The agreement, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

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