Iran, China Sign Trade MoUs
Economy, Domestic Economy

Iran, China Sign Trade MoUs

Iran and China have signed a series of memorandums of understanding to facilitate bilateral trade. The documents were signed in a meeting between Iranian and Chinese businesspeople and officials in Tehran on Tuesday, IRNA reported. Trade Promotion Organization of Iran, affiliated to the Ministry of Industries, Mining and Trade, signed agreements with the China Council for Promotion of International Trade and Jinjiang Chamber of Commerce to facilitate trade and investment between Tehran and Beijing.  Also, private businesses of the two countries signed multiple MoUs, including agreements to manufacture LED lamps and floodlight. TPOI chief, Valiollah Afkhamirad, said Iran could be a base for the manufacture and exports of Chinese products. “We have the capacity of allocating some of our companies to Chinese brands for manufacturing their products before exporting them to other countries. This way Chinese companies will not have to deal with the risk of new investments to expand their markets,” he said. Tehran and Beijing have pledged to increase bilateral trade tenfold to reach $600 billion over the next 10 years.

Short URL : http://goo.gl/KLfSDt
  1. http://goo.gl/WRvxLK
  • http://goo.gl/2zqwNE
  • http://goo.gl/CI7u16
  • http://goo.gl/MMTKAn
  • http://goo.gl/zGZziy

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...