China bought 30% of Iranian all exports in year to March: IRICA

[beijingwalker]

China bought 30% of Iranian all exports in year to March: IRICA​

Sunday, 24 April 2022 5:19 PM

China was responsible for nearly 30% of all purchases from Iranian exporters in the year to late March.

The Iranian customs office (IRICA) says China bought nearly 30% of all Iranian exports in the year to late March as the East Asian country continued to defy US pressure and deepened its trade ties with the Islamic Republic.

IRICA spokesman Rouhollah Latifi said on Sunday that Chinese purchases of Iranian non-oil exports had amounted to $14.323 billion over the past calendar year.

Exports to China increased 58% in value terms compared to the year to March 2021, said Latifi.

The official added that Iranian imports from China had totaled $12.744 billion over the 12 months to March 2022, an increase of 29% year on year.

China has been a main trade and economic partner for Iran since the United States pulled out of an international agreement on Tehran’s nuclear program in 2018 and imposed a series of sanctions on the country.

Iran reports major surge in exports to Africa, Oman

Iranian exports to Africa more than doubled in year to March while shipments to Oman rose 63%.

Higher volume of trade with China has been a major boost to Iran’s efforts to diversify its economy away from crude.

The country recorded over $100 billion in foreign trade in the year to March despite restrictions caused by the US sanctions and the coronavirus pandemic.

Trade figures announced by IRICA on Sunday excluded Iranian shipments of crude to China over the year to late March.

Estimates by international tanker tracker services show that Iranian crude shipments to China started to increase significantly in the second half of last year and stayed at high levels in early 2020.

That comes as the Chinese customs service does not normally register the shipments as they are mostly delivered to private refiners in the country.

China bought 30% of Iranian exports in year to March: IRICA

China was responsible for nearly 30% of all purchases from Iranian exporters in the year to late March.

www.presstv.ir

 

[Cancerous Tumor]

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www.tehrantimes.com

Just before Covid-19



Let's hope pandemic ends soon and we restart our people to people connections

 

[beijingwalker]

Iran praises cooperation with key trading partner China​

AFP
April 27, 2022 11:18 PM

TEHRAN: Iranian President Ebrahim Raisi on Wednesday praised cooperation with the country’s largest trading partner China, saying Tehran wanted to “expand its long-term strategic relations” at a meeting with Beijing’s defence minister.

Raisi stressed that “regional and global developments show more than ever the value of Iran-China strategic cooperation”.

Iran has been engaged for a year in negotiations with France, Germany, Britain, Russia and China directly, and the US indirectly, to revive a troubled 2015 nuclear deal.

The accord gave Iran sanctions relief in exchange for curbs on its nuclear programme to guarantee that Tehran could not develop a nuclear weapon, something it has always denied wanting to do.

But talks in Vienna to restore the deal have been paused since March 11.

Among the key remaining sticking points is Iran’s demand that Washington delist its Islamic Revolutionary Guard Corps from a US terror list.

“Countering unilateralism and creating stability and order is only possible through the cooperation of like-minded independent powers,” Raisi said at the meeting with Chinese defence minister Wei Fenghe.

Wei also met with his Iranian counterpart, Mohammad-Reza Ashtiani, who stressed “the need to counter American hegemony in the world by strengthening multilateralism”, an Iranian defence ministry statement read.

Raisi said Iran’s “priority” was the “successful implementation of the 25-year comprehensive cooperation plan” it signed with China in March 2021.

The deal includes “political, strategic and economic clauses”, according to Tehran.

Trade with China dropped after Washington reimposed biting economic sanctions on Iran in 2018, when then-president Donald Trump unilaterally withdrew from the nuclear deal.

But exports to China have surged by 58% in the past 12 months, while imports from China grew by 29%, according to Iranian media.

https://www.freemalaysiatoday.com/category/world/2022/04/27/iran-praises-cooperation-with-key-trading-partner-china/