Trade between Iran and China can reach 50 billion dollars

Iran-China trade conference

The head of the Iranian Chamber of Commerce said: Currently, the volume of trade between Iran and China is more than 30 billion dollars, but the trade ceiling of the two countries can be increased to 50 billion dollars.

Samad Hassanzadeh said at the Iran-China trade conference held on the sidelines of the Iran Expo: China, with a bilateral trade volume of more than 30 billion dollars, has a big difference compared to other trade partners of Iran and is the country’s first trade partner. There is also the capacity to increase the trade ceiling of the two countries to 50 billion dollars.

He added: Iran used to be China’s first trading partner in the Middle East, but now we have lost this rank and become China’s fifth trading partner in the Middle East, and this position should be promoted. We hope that the two countries can take advantage of the potential of the private sector for the development of bilateral relations.

Hassanzadeh continued: Foreign investment capacity has been provided for the Chinese, especially in the free zones. Also, Chinese companies can access regional markets through Iran.

The president of the Iran Chamber said: Iran’s private sector in most industrial, mining, and commercial fields, including medical products, steel, construction materials, knowledge-based products, technical and engineering services, handicrafts, tourism, etc., is ready to cooperate for better understanding of the two business communities. is the country Iran Chamber of Commerce, as the largest economic organization and representative of the private sector, is ready to cooperate in the development of relations.