Post by Global News on
China 400 billion dollars, 25 years investment in Iran enters implementation stage. Below excerpt reported by Motamedi. M. (2022, January 15). Iran says 25-year China agreement enters implementation stage. Aljazeera 'Tehran, Iran – A 25-year comprehensive cooperation agreement signed between Iran and China last year has now entered the implementation stage, according to Iran’s foreign minister.' 'Hossein Amirabdollahian, in his first visit to China as foreign minister, announced the news late Friday after a meeting with his Chinese counterpart Wang Yi.' '“While preparing for the visit to China, we had made preparations to be able to mark today as the starting day of implementing the comprehensive agreement between the two countries,” Amirabdollahian said, but he did not announce any specific projects or agreements to mark the occasion.' 'Signed in Tehran in March 2021 when former President Hassan Rouhani was in office, the “strategic accord” entails economic, military and security cooperation, even as both countries are under different levels of United States sanctions.' To read full article, click here According to The New York Times (2021). China, With $400 Billion Iran Deal, Could Deepen Influence in Mideast. Reported by Fassihi. F. and Myers. S. L. 'China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy under a sweeping economic and security agreement signed on Saturday.' Photo by Tasnim News Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #China #Ivestment #Iran #Tehran