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Iran and China sign 25-year cooperation agreement

Published 03/27/2021, 06:44 AM
Updated 03/27/2021, 12:16 PM
© Reuters. China's State Councilor Wang Yi meets with Russia's Foreign Minister Sergei Lavrov in Guilin

DUBAI (Reuters) - China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance.

"Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran," Chinese Foreign Minister Wang Yi was quoted by Iran's state media as telling his Iranian counterpart Mohammad Javad Zarif.

"Our relations with Iran will not be affected by the current situation, but will be permanent and strategic," Wang said ahead of the televised signing ceremony.

"Iran decides independently on its relations with other countries and is not like some countries that change their position with one phone call."

The accord brings Iran into China's Belt and Road Initiative, a multi-trillion-dollar infrastructure scheme intended to stretch from East Asia to Europe.

The project aims to significantly expand China’s economic and political influence, and has raised concerns in the United States.

China has spoken out often against U.S. sanctions on Iran and partly contested them. Zarif called it "a friend for hard times".

Wang met President Hassan Rouhani ahead of the signing in Tehran. The agreement was expected to include Chinese investments in sectors such as energy and infrastructure.

Rouhani expressed appreciation of Beijing's support for Iran's position on its 2015 nuclear deal with world powers, in which it agreed to curb its nuclear programme in return for the lifting of international sanctions.

"Cooperation between the two countries is very important for the implementation of the nuclear accord and the fulfilment of obligations by European countries," Rouhani said, according to his official website.

U.S. President Joe Biden has sought to revive talks with Iran on the nuclear deal abandoned in 2018 by his predecessor, Donald Trump in 2018. Tehran wants the sanctions that Trump imposed removed before any negotiations resume.

"Under the new administration, the Americans want to reconsider their policy and return to the nuclear accord, and China welcomes their move," Wang said.

He also promised that China would provide more coronavirus vaccines to Iran, the Middle Eastern country worst-hit by the pandemic.

© Reuters. Iran, China sign 25-year cooperation agreement

Iranian foreign ministry spokesman Saeed Khatibzadeh said the agreement was a "road map" for trade and economic and transportation cooperation, with a special focus on both countries' private sectors.

Latest comments

Calls on Raytheon, Lockheed Martin, Boeing, and General Dynamics
I wonder if this will affect lockheed marting stock price?? Ticker LMT. 7 billion yearly revenue and only 100 billion market cap. 🤣😂buy LMT they make missile defense and airplanes and also missiles. All thjng much needed in new cold war. LMT
Yes. War is brewing and its about to get nasty real fast. Need proof? Comments from Joe on Thursday (coincidentally Joe said this 1 day before Goldman shived China's top stocks on Friday morning)
The president pledged to prevent China from becoming the “wealthiest” and “leading” country in the world by leaning on allies and boosting the US's investment in technology.“I see stiff competition with China,” Mr Biden said. “China has an overall goal, and I don’t criticise them for the goal, but they have an overall goal to become the leading country in the world, the wealthiest country in the world and the most powerful country in the world. That’s not going to happen on my watch, because United States is going to continue to grow and expand.” The president said the competition between the countries would be one of democracy versus autocracy.
The level of foreign propaganda being peddled in discussions on this site is alarming.
the Saudis aren't laughing
Two agressive countries with suppressed populations itching for wars to distract them from their mobster leader failures. This will end badly. One is sure to make the other angry.
Next time China tries to invade Taiwan and they have another ****civil war please join them. China got their no 2 kicked last time and they would again.
 Wow... you really are queen of Chinese propaganda aren't you. https://www.express.co.uk/news/world/1413915/China-India-war-latest-border-clashes-military-escalation-high-world-war-three-warning-vn
Are you talking about US and UK?
Axis of evil consolidating against the free world - USA better tighten their system against abusers like Trump and Chinese ripoff artists that clean out the western countries like locust swarms - USA Better hone their skills on recovering back taxes from rich billionaires that ripped off the sleeping IRS - lazy tax officials - Biden better close down the big wall street gangsters who syphon billions from our financial system - The future is in electronic finance
your expectations of Biden couldn't be more contrary to what he is really doing. standing to wallstreet, taxing more appropriately, standing to china , resolving other issues... Biden is weakest of all other candidates
I think labeling countries Axis of Evil is not a good thing... who give us the right to call someone evil? Instead of always looking to blame, causing trouble, we can just this one time, come out and congrats China and Iran for making a good deal... the world business is all about making good deals and not about fighting this and that....
True. The US had opportunities to do the same and make good deals with Iran - who actually has people that are far more alligned with western values than oriental ones.
The only comments that will get through are those that Investing.com perceives as friendly to China.
David9's text goes through because he's sponsored by China
yes I did notice that too. I don't know what is behind it though. I thought this is not a Chinese app
Give me examples of why you think I am a commie bot?
where is trump
He's busy trying to avoid jail and cooking up more conspiracy theories with his cronies.
Middle Eastern countries been at war for hundreds to thousands of years, There is no stopping. America just want to join them. There were no Iranian in the 911 attack.
They really out here slapping eveyone in the face, yall see whats happening
.,
These contries are dictator controlled ones. Distanced from Western World.
China bots flood any china articles
Why do you think it is a bot? Give a good reason...
America missing out again because we have to please and appease our masters in Tel Aviv
Can someone please give me one good example of when sanction actually work?
I haven't seen real proof of genocide...only special interest report from Adrian Zenz... which has been debunked easily...
everyone says it repeatedly, so it must be true! Lockdowns improve people's lives too!!
Genocide in China..are you crazy.Israel commits genocide upon all Arabs.
Let's see. One of the most stringent religious entities befriending one with no tolerance for religion sleeping together. Someone sure could end up. . .
Nobody could discribe it better.This paragraph schould be put on every country leader’s desck with a cup of coffee next to it and let their people watch if they can take a sip of it and swallow it easyly.
WW3 🤔
Econ 101... trades is 100% better than war... all counties should trade and make peace with eachother...
Psychology 101 - One cannot rationalize with an irrational person. Your utopian world does not exist. For example, you want to trade with a country who wakes each morning and prays death to America? Naive and dangerous. Read Psychology 101, again.
Why does the west cause so much strife around the world. War is not the answer to bolster economies everytine they stake to shake
You clearly are not American
Who wants to be American.. Please stand up
i do, and proud to be and American. Funny, you fools cry, moan and complain how US is bad. I dont see you or anyone else migrating to china to live there. Nor so I see folks migrating to Iran. The US is having internal conflict bc it has allowed the most ppl in than any other country in thr world. We have the most freedoms and with that, comes at a price.
The beat emanating from the Drums of War grow louder by the day.
it might even be prudent to have a contingency plan for your portfolio in the event of a "Shots Fired" headline flashing bold red across your news feed screen.
Calls on the War Machine companies / Northrop & Lockheed
The president pledged to prevent China from becoming the “wealthiest” and “leading” country in the world by leaning on allies and boosting the US's investment in technology.“I see stiff competition with China,” Mr Biden said. “China has an overall goal, and I don’t criticise them for the goal, but they have an overall goal to become the leading country in the world, the wealthiest country in the world and the most powerful country in the world. That’s not going to happen on my watch, because United States is going to continue to grow and expand.”
Gut punch to president cheeseburgers who lead the country into the toilet.
Honest, I'm sure Biden is more level headed than Trump. USA can not advance with a boz' o like Trump who's busy stuffing his pockets and exits with bad example as he did
Two mobsters who want territory and power... this will end bandly for them. One is sure to tick off the other
Explain and give concrete examples to back up what you say.... without that, it is all he said she said...
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