China and Iran to sign 25-year cooperation agreement

China and Iran to sign 25-year cooperation agreement
  • Clock-gray 10:11
  • calendar-gray 27 March 2021

The comprehensive cooperation programme will be signed by the Iranian and Chinese foreign ministers as Tehran hardens its stance towards the JCPOA.

Chinese Foreign Minister Wang Yi has arrived in Iran for a visit that Iranian state media said would see the signing of a 25-year cooperation agreement between the two countries, which are both under US sanctions, APA reports citing trtworld.

The accord, final details of which are yet to be announced, is expected to include Chinese investments in Iran’s energy and infrastructure sectors.

In 2016, China, Iran’s largest trading partnera and long-time ally, agreed to boost bilateral trade by more than 10 times to $600 billion in the next decade.

"The signing of the comprehensive cooperation programme of the Islamic Republic of Iran and the People's Republic of China by the foreign ministers of the two countries is another programme of this two-day trip," state news agency IRNA said.

Iran is hardening its stance towards the United States and the European parties to Tehran's 2015 nuclear accord with world powers.

"This document is a complete roadmap with strategic political and economic clauses covering trade, economic and transportation cooperation ... with a special focus on the private sectors of the two sides," Foreign Ministry spokesman Saeed Khatibzadeh told state TV.

Zumrud Pashkin

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