‘West not to replace China in Iran’s market’

TEHRAN, Apr. 06 (MNA) – Announcing the upcoming visit of Chinese President to Tehran, head of Iran-China Joint Chamber of Commerce has said China’s presence in the country’s market is secured even with Iran’s recent negotiations with the West.

Assadollah Asgarowladi told Mehr News correspondent that Chinese President Xi Jinping was due to visit Iran in the near future and the exact date of his trip would be announced within next week.

He also touched upon the likelihood of a decrease in China’s presence in the country’s market in case of a nuclear deal and said, “the West will not take the place of China in our market, and neither Iranian traders nor the Chinese are the least concerned about Iran’s agreements with the West.”

He noted that Iran-China relations have been based on long-term interests and transactions and China will keep its place in the country’s market even with the inclusion of European companies.

According to him, the trade with China stood at $52 billion last year and with the start of the Sixth [Five-Year Economic] Development Plan starting in March 2016, Iran is determined to raise the volume of trade with China to $60 billion.

In 2014, Iran-China's trade transaction set an all-time record reaching $51 billion.




News Code 106504

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