Iran, China to Boost Trade Ties via Silk Road

Iran News - - DOMESTIC -

TEHRAN - Iran and China are mak­ing ef­forts to uti­lize the po­ten­tial of the Silk Road to boost their trade co­op­er­a­tion and en­hance ties with other coun­tries lo­cated on the Road.

The head of Iran’s Cham­ber of Com­merce says Iran and China can open a new chap­ter in mu­tual eco­nomic and trade co­op­er­a­tion by tap­ping into the po­ten­tial­i­ties of the Silk Road.

“The tourism in­dus­try, in­vest­ment in trans­porta­tion projects, en­ergy, telecom­mu­ni­ca­tions and other in­dus­trial ac­tiv­i­ties are among the ar­eas of co­op­er­a­tion be­tween Iran and China,” said Gho­lam-Hos­sein Shafei.

He said the Silk Road has been re­vived thanks to China’s ef­forts, and added 67 coun­tries have joined the Silk Road In­ter­na­tional Cham­ber of Com­merce so far. “Iran is the vice-chair of the cham­ber,” he noted. “Eco­nomic an­a­lysts have pre­dicted that the world’s eco­nomic hub will cen­tre on the China-In­dia bor­der af­ter 2025, and one of the ar­eas of trade trans­ac­tions, un­til then, will be the Silk Road. Till that time, China, Iran and In­dia can start new co­op­er­a­tion,” he said.

Shafei fur­ther said Tehran and Bei­jing are to work to­gether in the field of ha­lal food, as well.

He also pointed to the sta­tus of Ira­ni­ans’ bank ac­counts in China, “Based on the lat­est news that we’ve heard, the prob­lem of the freez­ing of [Ira­nian] nat­u­ral and real per­sons’ bank ac­counts in China has been solved.”

He also un­der­scored that Chi­nese com­pa­nies can use the ca­pac­ity of pro­duc­tion units in Iran to pro­duce brand-name prod­ucts.

Iran, along with China and In­dia as well as other coun­tries, have set in mo­tion plans to re­vive the old Silk Road to boost eco­nomic and trade co­op­er­a­tion.

China, for its part, has pro­posed the Silk Road Eco­nomic Belt plan also known as the One Belt and One Road Ini­tia­tive, which is a de­vel­op­ment strat­egy that fo­cuses on con­nec­tiv­ity and co­op­er­a­tion be­tween Eurasian coun­tries.

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