China, Iran expected to sign 25-year accord, Iranian state media says
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(Worthy News) – Chinese Foreign Minister Wang Yi arrived in Iran on Friday for a visit that Iranian state media said would see the signing of a 25-year cooperation agreement between the two countries, which are both under U.S sanctions.
The accord, final details of which are yet to be announced, is expected to include Chinese investments in Iran’s energy and infrastructure sectors.
In 2016, China, Iran’s largest trading partner and long-time ally, agreed to boost bilateral trade by more than 10 times to $600 billion in the next decade. [ Source: Reuters (Read More…) ]
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