China and Iran to Sign a 25-Year Agreement

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TEHERAN – Minister of Foreign Affairs (Foreign Minister) China Wang Yi arrives at Iran on Friday for a visit that Iranian state media said would see the signing of a 25-year cooperation agreement between the two countries.

Currently both are under sanctions from the United States (US).

The deal, whose final details have not been announced, is expected to cover Chinese investment in Iran’s energy and infrastructure sectors.

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In 2016, China, Iran’s biggest trading partner and longtime ally, agreed to increase bilateral trade more than 10-fold to $ 600 billion in the next decade.

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“The signing of the comprehensive cooperation program of the Islamic Republic of Iran and the People’s Republic of China by the foreign ministers of the two countries is another program from this two -day trip,” the news agency reported. IRNA.

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