New China-iran freight train service opens
A train loaded with more than 560 tons of machinery, household goods and ceramics left Yinchuan South Railway Station earlier this month, scheduled to reach Tehran in fifteen days, the Asset reported.
The new trade route comes with the lifting of sanctions as part of the nuclear deal, breathing new life into Iran’s economy, Asia Times reported.
Major trade and investment deals have been signed since the agreement, and despite the Trump administration’s threats to backtrack on the deal, China, Russia and France are unlikely to take steps to further isolate Iran.
Deals include a contract signed between Iran and China National Petroleum Corp. and France’s Total to develop South Pars which is the world’s largest natural gas field.