BR100 Increased By (0.85%)
BR30 Increased By (0.42%)
KSE100 Increased By (0.87%)
KSE30 Increased By (0.83%)
AGHA 6.03 Increased By ▲ 0.01 (0.17%)
BECO 3.86 Increased By ▲ 0.05 (1.31%)
BML 61.00 Increased By ▲ 4.56 (8.08%)
BOP 28.09 Decreased By ▼ -0.01 (-0.04%)
CNERGY 11.74 Decreased By ▼ -0.54 (-4.4%)
CSIL 5.30 Increased By ▲ 0.01 (0.19%)
FCCL 54.46 Increased By ▲ 0.65 (1.21%)
FFL 13.07 Increased By ▲ 0.27 (2.11%)
FNEL 1.11 Decreased By ▼ -0.01 (-0.89%)
KEL 5.63 Decreased By ▼ -0.01 (-0.18%)
KOSM 5.34 Decreased By ▼ -0.04 (-0.74%)
LOTCHEM 23.83 Increased By ▲ 0.28 (1.19%)
MLCF 92.98 Increased By ▲ 1.02 (1.11%)
NBP 163.20 Increased By ▲ 0.96 (0.59%)
NCPL 48.27 Decreased By ▼ -0.64 (-1.31%)
NPL 49.71 Decreased By ▼ -0.80 (-1.58%)
OGDC 303.63 Increased By ▲ 1.95 (0.65%)
PACE 8.97 Decreased By ▼ -0.16 (-1.75%)
PAEL 31.91 Increased By ▲ 0.10 (0.31%)
PIBTL 12.74 Decreased By ▼ -0.04 (-0.31%)
PPL 212.91 Increased By ▲ 0.85 (0.4%)
PRL 84.34 Decreased By ▼ -2.92 (-3.35%)
PTC 44.99 Increased By ▲ 1.03 (2.34%)
SSGC 22.83 Decreased By ▼ -0.03 (-0.13%)
TBL 8.88 Decreased By ▼ -0.03 (-0.34%)
TELE 6.50 Increased By ▲ 0.06 (0.93%)
TPL 24.26 Increased By ▲ 0.17 (0.71%)
TPLP 11.99 Decreased By ▼ -0.17 (-1.4%)
TREET 23.14 Decreased By ▼ -0.36 (-1.53%)
TRG 51.47 Decreased By ▼ -0.40 (-0.77%)
World

Iran-China sign 25-year strategic cooperation pact

  • The pact was signed by Chinese Foreign Minister Wang Yi, who arrived in Tehran late Friday.
  • "We believe this document can be very effective in deepening" Iran-China relations, the spokesman said.
Published Updated

Iran and China have signed a 25-year cooperation agreement on Saturday as the US rivals move closer together.

China is Iran’s leading trade partner and was the biggest buyer of Iranian oil before then US president Donald Trump reimposed sanctions in 2018, abandoning a nuclear agreement with Tehran.

The pact was signed by Chinese Foreign Minister Wang Yi, who arrived in Tehran late Friday.

"We believe this document can be very effective in deepening" Iran-China relations, the spokesman said.

Xi and his Iranian counterpart Hassan Rouhani agreed then to establish a roadmap for "reciprocal investments in the fields of transport, ports, energy, industry and services."

A signing ceremony was hosted by Iranian Foreign Minister Mohammad Javad Zarif.

Last year in July, controversy erupted over the proposed deal after former president Mahmoud Ahmadinejad charged that negotiations were being held for a "new, 25-year agreement with a foreign country" without the knowledge of the Iranian people.

The foreign minister was heckled in parliament when he assured lawmakers there was "nothing secret" in the proposed deal, which he promised would be publicly announced "once it has been finalised".

The government has yet to honour that promise and few details have been made public.

Comments

Comments are closed for this article.