Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has said all agreements, including energy deals, made between Iran and China have got underway.







Speaking in a Tuesday presser on the government’s short-term economic plan, the minister said the executive operations of the agreements reached between the two countries on financial, investment, and energy cooperation during President Ebrahim Raeisi’s visit to Beijing have started, SHANA reported.

Iran-China Joint Economic Commission will meet in Summer after an about four-year hiatus to study the progress of the agreements and explore all the avenues to speed up the implementation of the pacts if needed, Khandouzi concluded.

Accordingly, earlier in April, Iran’s trade with its leading trade partner, China, reached $15.79 billion in 2022, registering a 7% rise compared with the corresponding period of the previous year.

Data released by China’s General Administration of Customs show Iran’s exports totaled $6.35 billion during the period, indicating a 2.3% decrease.

In return, China exported $9.44 billion worth of goods to Iran, registering a 14.3% rise.

Bilateral trade hit $1.2 billion in December 2022 with Iran’s exports standing at $352.41 million and imports at $893.34 million, Financial Tribune reported.

Meanwhile, thirty-one percent of Iran’s non-oil exports are destined for China, the chairman of the Iran-China Joint Chamber of Commerce announced, adding that giant steps have been taken in the current year for the expansion of trade relations between the two countries.