China's investment in Iran to grow by sanctions relief

TEHRAN, Nov. 04 (MNA) – Iran’s commercial attaché in China has said there will be no concerns over the two countries’ trade after the removal of sanction estimating a widespread growth in China’s investment in Iran.

Seyed Reza Aghazadeh said, “after lifting of sanctions, bilateral trade and economic cooperation between Iran and China will expand and there are no concerns over the future of trade relations between the two countries.”

“The Iranian government has not assigned special conditions for China and JCPOA will take the country’s economy back to normal situation,” noted Aghazadeh reassuring that Iranian businessmen will be able to continue their activities after resumption of banking relations.

He further asserted that the money for Iran’s oil resources bought by China has accumulated a considerable amount in China due to transfer issues a part of which has been paid in the form of goods purchases while the rest will provide benefit to traders after getting released.

Regarding the future strategy of relations between Iran and China, the official said, “120 countries which are not suffering from sanctions have chosen China as their first commercial partner due to the fact that China can provide favorable economic conditions in the world in terms of price and quality.”

“Even though Iranian businessmen purchase some second-rate Chinese goods, China is the second source of funding as well as the world’s second largest investor seeking to strengthen its connection with global markets,” underlined Aghazadeh.

He further stated that, “China’s foreign investment in 2015 reached 110 billion dollars possessing 70 billion dollars in capital stocks located outside the country; they are continuing the trend and the Chinese government’s policy is to make foreign investments worth 700 billion dollars in seven years.”

“Overall, China’s strategy is to increase investment in Iran’s market and it is estimated that they will send a significant capital to our country which alleviates concerns for the future of trade between the two countries,” Aghazadeh concluded.




News Code 111645


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