TEHRAN - Iran’s Finance and Economic Affairs Minister Abdolnaser Hemmati has emphasized the importance of implementing the memorandums of understanding (MOUs) signed between Iran and China.

Hemmati made the remarks in a meeting with China’s Ambassador to Tehran Cong Peiwu on Monday, IRNA reported.

In this meeting, the Iranian minister followed up on the negotiations that took place during the BRICS Economic Ministers' Meeting in Samarkand, Uzbekistan, stressing the importance of implementing the MOUs between the two countries.

He also considered the two countries’ Joint Economic Committee as a suitable platform for negotiations on economic, trade, and investment cooperation, and welcomed the holding of the 19th Joint Economic Committee in Tehran.

Cong Peiwu, for his part, stated that Beijing aims to expedite the implementation of the MOUs and enhance practical cooperation to deepen relations between the two countries.

Both sides also highlighted the commitment of their statesmen to comprehensive development, expressing hope that consultations between senior officials of Iran and China will continue to expand bilateral relations.

In late September, Hemmati had also met and held talks with Chinese Minister of Finance Lan Fo’an, during which the two sides emphasized the implementation of the two countries’ long-term strategic partnership plan.

Hemmati met with Fo’an on the sidelines of the 9th ministerial meeting of the Asian Infrastructure Investment Bank (AIIB) members in Samarkand, Uzbekistan.

In addition to the issues related to the cooperation of the two countries in AIIB, the two sides discussed the most important issues related to bilateral relations, especially the follow-up of the results of previous agreements.

Holding the two countries’ Joint Economic Committee meeting in the new future was another topic discussed by the two officials.

In this meeting, the ministers of the two countries emphasized that Iran and China have put a more serious and deeper implementation of the comprehensive long-term strategic plan of the two countries on their agenda and will continue this path in the official interactions of the two countries until concrete practical achievements are reached.

Iran and China officially signed the document for 25-year comprehensive cooperation in March 2021.

The document was signed between Iran’s former Foreign Minister Mohammad Javad Zarif and Chinese Foreign Minister Wang Yi at the Iranian Foreign Ministry.

Back in December 2022, Iran and China finalized 16 MOUs under the framework of the two countries’ strategic 25-year agreement.

The MOUs were signed in an Iran-China comprehensive cooperation program summit which was held in Tehran on December 13 in the presence of Iran’s former First Vice President Mohammad Mokhber and China’s Vice Premier Hu Chunhua.

The summit was focused on four areas explored by four committees between the two countries with the aim of paving the way for the implementation of the 25-year agreement.

Iran and China also signed 20 memoranda of understanding in the presence of the presidents of the two countries in Beijing in mid-February, 2023.

EF/MA

Photo: Iran’s Finance and Economic Affairs Minister Abdolnaser Hemmati (right) and China’s Ambassador to Tehran Cong Peiwu (middle left)