Economy min. in Beijing for joint commission meeting

News ID: 3741631 -
TEHRAN, Aug. 15 (MNA) – Iran’s Minister of Economy Ali Tayebnia heading a delegation arrived in Beijing on Monday to attend Iran-China Joint Economic Commission’s meeting.

Iranian Minister of Finance and Economic Affairs, Ali Tayebnia, will co-chair the 16th Iran-China Joint Economic Commission’s meeting hosted by Beijing on Tuesday.

The previous meeting was hosted by Tehran in March 2014.

Teyebnia is accompanied by a delegation comprising representatives from Oil Ministry, economic, industrial, commercial and banking organizations, cultural intuitions, as well as the private sector.

During the two-day visit, he is scheduled to sign a memorandum of understanding with the Chinese side and hold talks with his Chinese counterpart as well as the deputy prime minister.

China as the second largest economy in the world has always shown keen interest in expanding its relations with Iran in various fields. The volume of trade transactions between the two countries stood at $40 billion in 2013 and increased to $51.850 billion in 2014. Only in 2015, Iran exported to China 500,000-600,000 barrels of oil per day.

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