TEHRAN, Oct. 10 (MNA) – Iran’s Economy Minister Ali Tayebnia has underlined the need to accelerate implementation of mutual agreements between Tehran and Beijing.


Tayyebnia made the remarks in a meeting held in Washington D.C. with the Chinese Minister of Finance Lou Jiwei on the sidelines of World Bank-IMF Annual Meetings 2016.

“Iran and China need to conduct bilateral agreements in order to observe considerable growth in their cooperation in view of the fact that banking ties between the two have grown,” Tayebnia noted.

He went on to note that Beijing, as Tehran's strategic partner, held excellent relations with Iran during sanctions years; “we make efforts to preserve and promote those relations.”

Also at the meeting, China’s Lou Jiwei voiced his country’s readiness to provide financial support for Iranian projects and transfer technical knowledge to the country.

The Chinese minister underscored that banking relations between the two countries have returned to the normal conditions since the anti-Iran sanctions were removed in recent months.

He touched upon the good history of collaboration between the two parties expressing hope that Tehran and Beijing would witness acceleration in cooperation.

Following the removal of international sanctions, Iran and China have witnessed a growth in their oil trade exchange and Iran currently marks the sixth largest exporter of crude to the East Asian country.

By Mehr News Agency