Iran, China should accelerate implementation of mutual agreements: Minister

EghtesadOnline: Minister of Finance and Economic Affairs Ali Tayyebnia has stressed on importance of acceleration in implementation of the mutual agreements between Iran and China.

News ID: ۷۷۰۲۳۴

11 October 2016

Tayyebnia made the remarks in a meeting held in Washington D.C. with the Chinese Minister of Finance Lou Jiwei.

Washington D.C. was hosting 2016 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group on October 7-9, according to IRNA.

Although the banking relations between Iran and China have grown, the two should implement bilateral agreements in order to witness remarkable growth in their cooperation, Tayyebnia said in the meeting.

Beijing as Tehran's strategic partner has had good relations with Iran in the sanctions era, said Tayyebnia adding that '…we make efforts to preserve and promote those relations.'

Anti-Iran sanctions were lifted on January 16, 2016.

The Chinese minister, for his part, said his country is ready to provide financial support for Iranian projects and transfer technical knowledge to the country.

Now the banking relations between the two countries have returned to the normal conditions as the anti-Iran sanctions were lifted in the past few months, Jiwei said.

Referring to a good record of cooperation between Beijing and Tehran, the Chinese minister hoped the two would witness acceleration in cooperation.

Iran and China, after removal of sanctions, have seen increase in their oil trade exchange and Iran at present is the sixth exporter of oil to that country.