NewsIranIran and China sign strategic cooperation agreement for the next 25 years

    Iran and China sign strategic cooperation agreement for the next 25 years

    Iran and China on Saturday signed a long-term agreement on strategic cooperation in different fields for an estimated duration of 25 years.

    “Chinese Foreign Minister Wang Yi has signed the 25-year Sino-Iranian comprehensive strategic partnership agreement in a meeting with his Iranian counterpart, Mohammad Javad Zarif,” according to a statement carried by Iran’s Press TV.

    The agreement was reached during the Chinese top diplomat’s visit to Tehran as part of his Middle East tour.

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    At the press conference with Ali Larijani, the spokesman for Iranian Supreme Leader Ayatollah Ali Khamenei, the head of Chinese diplomacy pointed out that Beijing’s ties with Tehran will remain “permanent and strategic” and will not be affected by the political situation in the world.

    Wang Yi also held a meeting with Iranian President Hassan Rouhani, who has highlighted this agreement as a way to deepen bilateral relations between the two countries. “We want China to be a major trading partner,” he said after the meeting with the minister.

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    The agreement paves the way for billions of Chinese investments in Tehran. In return, Iran could see closer its desire to provide oil at favorable prices. Military cooperation is also part of the plans.

    Iran is facing an economic crisis due to sanctions reimposed by the United States in 2018, which have been exacerbated by the coronavirus pandemic. With current U.S. President Joe Biden apparently unwilling to lift sanctions in the short term, the Tehran government has aligned itself more closely with Russia and China.

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    Alex Dawit
    Alex Dawit
    Alex Dawit is Journalist of the Awutar. He had completed his graduation in Journalism and Communication, Pakistan. He is passionate about News, Blogging & Research Writing. You can contact him via: [email protected]


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