Iranian, Chinese private sector companies ink 20 protocols

TEHRAN, May 11 (MNA) – Iranian and Chinese private sectors signed 20 joint venture deals on the sidelines of the Conference on Iran-China Trade Cooperation in Tehran on Sunday.

The deals were related to railways, mining, building construction, and electric appliances.

 

According to IRINN, the conference on Iran-China economic cooperation opened on Sunday in Tehran with the attendance of hundreds of Iranian and Chinese officials and businessmen.

 

About 500 Iranian and Chinese businessmen attended the one-day conference which was aimed at addressing the international financial crisis and promoting trade cooperation between Iran and China.

 

The level of trade between the two countries increased from $400 million in 1994 to $29 billion in 2008 showing Tehran-Beijing economic relations have grown at an average annual rate of 40 percent over the past few years.

 

Iran and China plan to increase the bilateral trade to $50 billion by the next five years.

 

NK/MRK

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MNA

News Code 33692

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