TEHRAN - Iranian Finance and Economic Affairs Minister Ali Tayyebnia and Chinese Commerce Minister Gao Hucheng signed an agreement in Beijing on Tuesday to bolster economic cooperation between the two countries.

The agreement was signed at the end of the first day of the 16th meeting of the Iran-China Joint Economic Committee, IRNA reported.

On the sidelines of the meeting, Tayyebnia noted that Iran and China can start a new chapter in their relations following the removal of sanctions against the Islamic Republic.

The Iranian minister also highlighted the significance of establishing brokerage relations between the two countries’ major banks on the way to bolster economic growth.

Financing projects in the long-run, seizing opportunities for collaborating in various fields including railway, energy, power plants as well as issuing permits for re-opening branches of Iranian banks in China were among the issues addressed by Tayyebnia in the meeting.

Hucheng, for his part, referred to the taken measures on the way to enhance bilateral economic relations admitting that there are still untapped areas for tightening common ties in the future.

Tayyebnia, leading an economic-cultural delegation, arrived in the Chinese capital on Monday.

Iran’s finance ministry, China Development Bank ink MOU
 
The Iranian Finance and Economic Affairs Ministry and China Development Bank (CDB) penned a memorandum of understanding (MOU) on financing economic projects, in particular infrastructure ones, on Wednesday.

The MOU was signed by the Iranian deputy finance minister Mohammad Khazaei and the CDB executive vice president Zhang Xuguang in Beijing.

HJ/MA