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Technology

Iran and China sign Memorandum of Understanding on agricultural cooperative

Sino-Iranian relations enter a new phase

Iranian Deputy Agriculture Minister Kazem Khavazi and Vice Minister of Agriculture and Rural Affairs of China Ma Youxiang signed a memorandum of understanding covering a range of topics including horticulture, agriculture, animal husbandry, fisheries, agricultural mechanisation, and China's investments in Iran's agricultural development programmes. This was reported by IRNA, a partner of TV BRICS.

This week in Beijing, the Iran-China Joint Economic Cooperation Committee conducted its fifth summit, during which the document was signed.

Samad Hassanzadeh, the head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture, stated earlier this month that trade between China and Iran has the potential to be valued at US$50 billion, with the agricultural sector serving as a primary area of commerce. enlargement of business relations.

The officials mentioned that China's and Iran's private sectors may collaborate in a number of areas, such as industry and agriculture.

The 25-year strategic partnership plan between China and Iran has entered a new phase, according to Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi, as fresh agreements are signed between the various ministries of the two nations.

The source claims that the cooperation is a significant turning point in bilateral relations and demonstrates the high degree of mutual trust between China and Iran.

Photo: iStock

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