TEHRAN – Iran and China have finalized 16 memorandums of understanding (MOU) under the framework of the two countries’ strategic 25-year agreement, Iranian Finance and Economic Affairs Minister Ehsan Khandouzi announced.

According to Khandouzi, the MOUs were signed in an Iran-China comprehensive cooperation program summit which was held in Tehran on Tuesday at the presence of Iran’s 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, the minister said.

Mentioning an upcoming meeting of the two countries’ presidents, Khandouzi noted that the MOUs are signed as a prelude to the agreements that are going to be reached in the meeting between the two presidents.

During the summit, it was decided that the two sides would take executive actions to implement the agreements reached in various fields including energy, oil and gas, joint investment, financial, currency, and banking interactions, transit and infrastructure as well as ports.

The details of the above-mentioned cooperation will be discussed in the meeting between the presidents of the two countries, Khandouzi said.

“The deputy prime minister of China expressed his agreement with the proposals made by the four economic committees,” he added.

Heading a 70-member delegation, Chunhua arrived in Tehran on Monday to attend the Iran-China comprehensive cooperation program summit and discuss future collaborations.

EF/MA

Photo: Iran’s First Vice President Mohammad Mokhber (R) and China’s Vice Premier Hu Chunhua