Trade Deficit With China
Economy, Domestic Economy

Trade Deficit With China

Trade with China saw a 34% decline in 2015, says the deputy head of Iran-China Chamber of Commerce. Majid Reza Hariri added that the falling prices of oil, gas condensates, iron ore and other minerals are to blame for the slowdown in economic exchanges between the two countries, ISNA reported. “All these have led to a trade deficit with China, which is unprecedented in the history of our bilateral ties. Mutual trade balance has always favored Iran in the past 30 years,” he said. Hariri also announced that Chinese President Xi Jinping is scheduled to visit Iran next month.


Short URL : http://goo.gl/W1r09F
  1. http://goo.gl/yzRRl4
  • http://goo.gl/mrHBdU
  • http://goo.gl/0aAhUu
  • http://goo.gl/7WsCmw
  • http://goo.gl/E4oNVe

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...