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Iran, China review expansion of mutual ties

IRNA

2003/08/26

Beijing, Aug 26, IRNA -- Iranian Foreign Minister Kamal Kharrazi 
conferred here Tuesday with the Chinese Deputy Prime Minister and the 
Chinese Head of Iran-China Economic Commission Wu Yi on expansion of 
economic and industrial cooperation. 
Kharrazi said the Islamic Republic of Iran with reliance upon its 
work forces and benefiting from extensive economic potentials is 
making endeavors to reach an economic boom. 
The Islamic Republic of Iran gives priorities to transportation, 
construction of dams, power plants, petrochemical industry along with 
gas and oil projects, he said. 
Iran`s Free Trade Zones (FTZ) benefiting from excellent situation 
have been successful to attract foreign investors and the ground for 
investment of China is well prepared, Kharrazi pointed out. 
Welcoming the increase of investment by Chinese firms, he said 
China`s cooperation in oil and gas industries is of high importance 
for long term exports of the products to China which can guarantee a 
lasting ties. 
The Iranian minister voiced Iran`s readiness to cooperate on 
technical and engineering services with the Chinese side. 
The Chinese deputy prime minister, for his part, expressed 
satisfaction over volume of trade exchange between the two countries 
adding that China attaches importance to expansion of economic and 
technical cooperation with the Islamic Republic of Iran. 
Volume of trade exchange between Iran and China stood over dlrs 
three billion which is considered as a record in mutual economic ties,
she said adding that for that reason China has imposed a preferential 
tariff for Iranian made products. 
The Chinese government encourages Chinese companies to share in 
the Third Five-Year Economic Development Plan, she said. 
Describing the quality of the Iranian made products as good, she 
underlined the willingness of China for import of non-oil commodities 
from Iran. 
Highlighting new methods to boost economic cooperation, she said 
the Chinese firms are eager to invest and broaden economic activities 
in Iran`s FTZ`s. 
Given the importance on oil cooperation, she underlined the need 
to form a follow-up committee to pursue mutual cooperation on energy 
sector. 
On holding Iran-China joint economic commission meeting in China 
this year, the two sides exchanged views on supporting private sector 
as well as the chambers of commerce of Iran and China. 
MM/215 
End