Iran-China joint projects to be operational from next month, official says
The Iranian Minister of Economy Ehsan Khandouzi, who recently returned from a trip to China, has announced that the agreements signed by the President of Iran during his trip to China will go into effect starting next month.
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Ehsan Khandouzi outlined his trip and the agreements of the joint commission in an interview with IRIB. He stated that President had a significant visit to Beijing last winter, where fruitful contracts were made with the President of China. Implementing these agreements required follow-up by various ministries over the past five months.
Khandouzi added that the first joint commission between Iran and China took place on Thursday after a 4.5-year gap.
The Minister of Economy further highlighted that China is Iran's largest trading partner, accounting for approximately 24% of Iran's non-oil trade.
Khandouzi stated that representatives from various ministries, including Economy, Oil, Agriculture, Housing and Urban Development, Trade Development Organization, Industry, Mining, and Trade Ministry, Central Bank of Iran (CBI), Iranian Customs Administration (IRICA), Tax Administration and Ministry of Foreign Affairs participated in the first meeting of the joint commission. During this meeting, agreements were reached between both parties.
The Minister of Economy emphasized that many Iranian exporters require permits to export certain goods to China. However, China has agreed to facilitate these exports from Iran.
He added: Additionally, the joint chamber of commerce between Iran and China convened a meeting in Beijing. Several Iranian companies encountered obstacles and challenges while conducting business with China, which Beijing has promised to address.
Khandouzi also commented on investment priorities, stating that the administration intends to prioritize projects for Chinese investment as various ministries seek Chinese companies' involvement.
He further mentioned that a constructive discussion took place with the Chinese chairman of the Iranian commission during the commission's meeting, focusing on removing obstacles from both sides. Ultimately, the Minister of Economy expressed optimism that Iran will witness tangible results from the President's visit in the upcoming months regarding these projects.
