25-year plan: Iran and China establish close economic cooperation

Iran And the China You want to sign a comprehensive and long-term cooperation agreement this Saturday. Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on state television that the 25-year agreement includes “political, strategic and economic” agreements. The agreement will be signed on the occasion of the current visit of Chinese Foreign Minister Wang Yi to Tehran.

According to Iranian state media and the South China Morning Post, the contract includes Chinese investments in Iran’s energy, transportation and infrastructure sectors.

Yi had arrived in the Iranian capital on Friday evening. The cooperation agreement is scheduled to be signed at noon today.

The government spokesman said, according to state media, that Tehran believes that the agreement could “very effectively contribute to deepening Sino-Iranian relations.” He referred to the visit of Chinese President Xi Jinping to Tehran five years ago, during which the foundation stone for a comprehensive cooperation agreement was laid.

Xi and his Iranian colleague Hassan Rouhani decided to strengthen bilateral relations between their two countries. Iran has come under international criticism for its nuclear policy.