News & Reports News Year 2012 September , 2012 Iran, China Ink Agreements to Boost Trade Ties TEHRAN (FNA)- Iran and China signed a cluster of economic agreements in a move further increase the trade ties and exchanges between the two states.

Iran, China Ink Agreements to Boost Trade Ties TEHRAN (FNA)- Iran and China signed a cluster of economic agreements in a move further increase the trade ties and exchanges between the two states.


The documents were signed by Iranian First Vice-President Mohammad Reza Rahimi and the visiting Chairman of the Standing Committee of China's National People's Congress, Wu Bangguo.

In the agreements, the two countries agreed to further increase their trade exchanges, pledging to properly address the existing problems and achieve win-win outcomes.

At the meeting between the two senior officials, Rahimi and Bangguo discussed the issue on how to improve trade ties between the two countries.

Rahimi, for his part, expressed the hope that the two states would develop friendly cooperation under the current circumstances, saying that Iran is willing to enhance coordination with China and create favorable conditions to quicken the step of energy cooperation and expand cooperation on other fields like trade, agriculture and infrastructure.

Bangguo, for his part, said Iran and China have made fruitful cooperation on areas like trade, energy, infrastructure and project contracting in recent years, which has brought about tangible benefits to the two sides.

The two sides should continue to deepen bilateral trade cooperation in the spirit of mutual respect and mutual benefit, and push forward trade ties in a stable and healthy manner, he said.

On future trade development, the Chinese official suggested the two sides enhance coordination, overcome unfavorable factors and properly deal with problems to create favorable conditions for cooperation between enterprises of the two countries.

He also encouraged the two countries to expand cooperation on rail transportation and water and power project construction and earnestly implement the signed contract project.

"The two sides should also implement the agreement on avoidance of double taxation, provide convenience on visa and customs clearance and protect the legitimate rights of the cooperative enterprises," he added.

He also expressed his condolences to the Iranian people over the powerful earthquakes, which hit Iran's northwestern region in August, leaving at least 306 dead and over 3,000 injured.

Rahimi extended his thanks for China's sincere help, and conveyed his condolences to the victims over earthquake hitting the Yiliang County in Southwest China's Yunnan Province.