ID :
178038
Tue, 04/26/2011 - 15:13
Auther :
Shortlink :
https://www.oananews.org//node/178038
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Iran, China Hold Joint Economic Commission Meeting in Beijing
TEHRAN,April 26 (FNA)- Iranian Economy Minister Seyed Shamseddin Hosseini and Chinese Commerce Minister Chen Deming attended the 14th meeting of the two countries' Joint Economic Commission on Monday.
During the meeting, Hosseini referred to the recent economic crisis overwhelming the world, and said, "The Asian countries need to further develop their relations."
Referring to Tehran and Beijing's role as two big economies of the region and the necessity for both countries to further increase their economic cooperation, he reiterated, "The economic and trade relations between Iran and China have grown properly in recent years and reached $30bln in 2010 from $400mln in 1994 and we should endeavor to increase these exchanges to $50bln."
At the end of the meeting, the two sides inked an agreement on mutual customs cooperation and a Memorandum of Understanding (MoU) on cooperation between Iran and China in trade, technology, research, telecommunication, insurance and agriculture.
Iran is currently China's third largest supplier of crude oil, providing China with roughly 12% of its total annual oil consumption - nearly one million barrels per day.
The volume of Iran's trade with China stood at about $30 billion in 2010, and the two countries have sought to enhance their bilateral trade ties significantly.
The 13th meeting of Iran-China joint economic commission was held in the Iranian capital city of Tehran in 2009.
During the meeting, Hosseini referred to the recent economic crisis overwhelming the world, and said, "The Asian countries need to further develop their relations."
Referring to Tehran and Beijing's role as two big economies of the region and the necessity for both countries to further increase their economic cooperation, he reiterated, "The economic and trade relations between Iran and China have grown properly in recent years and reached $30bln in 2010 from $400mln in 1994 and we should endeavor to increase these exchanges to $50bln."
At the end of the meeting, the two sides inked an agreement on mutual customs cooperation and a Memorandum of Understanding (MoU) on cooperation between Iran and China in trade, technology, research, telecommunication, insurance and agriculture.
Iran is currently China's third largest supplier of crude oil, providing China with roughly 12% of its total annual oil consumption - nearly one million barrels per day.
The volume of Iran's trade with China stood at about $30 billion in 2010, and the two countries have sought to enhance their bilateral trade ties significantly.
The 13th meeting of Iran-China joint economic commission was held in the Iranian capital city of Tehran in 2009.
