China to invest ‎‎¥20bn in Iran’s fisheries, aquaculture

TEHRAN, Sep. 25 (MNA) – Iran and China have signed agreements which will bring ‎¥20bn Chinese finance to country’s fisheries and aquaculture.

Mahmoud Hojjati, Minister of Agriculture told Iran’s IRIB news center that meeting with Chinese counterpart hit the agreement by which China would invest in northern and southern fisheries and aquaculture of Iran; “we predict a further development in this amount by Iran’s joining to Shanghai Cooperation Organization (SCO)," he added, “in a 20-year prospective plan, we prepare, in a gradual pace, 600,000 hectares (1.7 million acres) of northern provinces of Mazandaran, Golestan, and Guilan, where Chinese contribution will improve traditional production facilities and practices in rice plantations, thus providing an economic advantage as well.”

Hojjati also told IRIB news center that an agreement with Chinese officials would facilitate in animal and plant quarantine systems, with the latter to be signed in upcoming month; “Chinese investors promised to invest around $3bn in Iran’s fisheries, both in northern and southern quarters to improve production; the major problems of trade of agricultural products are to be attributed to the lack of necessary infrastructures, a thing addressed by the agreement with Chinese officials,” he told IRIB news center.

SH/3778499

News Code 120014

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