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President: No Restriction for Expansion of Tehran-Beijing Ties

Service : Politic
TEHRAN, July 17 (ICANA) – Iranian President Mahmoud Ahmadinejad on Saturday called for the development of all-out ties between Iran and China, stressing that Tehran sees no restriction or impediment to the further expansion of its relations and cooperation with Beijing.
Sunday, July 17, 2011 2:08:22 PM
President: No Restriction for Expansion of Tehran-Beijing Ties

"The Islamic Republic of Iran sees no impediment to the expansion of its ties with Beijing, and effort should be made in order to boost these relations at international levels," Ahmadinejad said in a meeting here in Tehran on Saturday with He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.

The President pointed to the two countries' 40-year old ties, and said a new horizon is now seen for the two countries' relations, which will have positive outcomes for the two nations and the regional states.

Ahmadinejad further underlined that boosting the value of the bilateral trade ties to $100bln is the most important goal of the two countries.

"Today, we can bolster the two countries' cooperation in different fields, including technology, energy, space technology and tourism, much greater than before" the Iranian president reiterated.

Earlier today, Iran and China signed several agreements to further expand their mutual cooperation in different areas of infrastructure and trade.

Under the agreements, Chinese companies will invest heavily in some major infrastructure projects in Iran, including a water diversion project and a dam. Chinese companies will also import large quantities of chrome ore and Celestine from Iran.

Iran and the People's Republic of China established diplomatic relations on August 16, 1971.

China is a major trade partner of Iran. The two countries are endeavoring to enhance their bilateral trade ties significantly. Crude supplies constitute a major part of Iran's exports to China.

Iran is currently China's third largest crude supplier, providing China with roughly 12% of its total annual oil consumption needs - nearly one million barrels per day.

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