China and Iran are moving closer together economically


Iran and China will sign a comprehensive, long-term cooperation agreement on Saturday. The 25-year agreement contains “political, strategic and economic” agreements, the Iranian Foreign Ministry announced. Chinese Foreign Minister Wang Yi is currently in Tehran. For China, the agreement is part of its ambitious new Silk Road initiative.

Tehran believes that the agreement could “very effectively contribute to deepening Sino-Iranian relations,” said Iranian Foreign Ministry spokesman Saeed Khatibzadeh. He recalled the visit by Chinese President Xi Jinping to Tehran five years ago, during which the foundation stone for the comprehensive cooperation agreement was laid.

Deeper collaboration

At that time, Xi and his Iranian colleague Hassan Rouhani decided to strengthen bilateral relations between their countries and agreed, among other things, to intensify cooperation in the areas of transport, ports, energy, industry and services. The spiritual leader of Iran, Ayatollah Ali Khamenei, described the cooperation with China as “right and sensible” at the time.

Last year, however, the planned cooperation sparked controversy in the Iranian parliament after ex-President Mahmoud Ahmadinejad accused the government of negotiating a “new 25-year agreement with a foreign country” without informing the Iranian people .

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China Iran moving closer economically


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