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China seeks ‘new chapter’ with Iran after sanctions lifted China seeks ‘new chapter’ with Iran after sanctions lifted
(about 1 hour later)
TEHRAN, Iran — Chinese President Xi Jinping, visiting Iran just days after the lifting of international sanctions under a historic nuclear deal, says he hopes for a “new chapter” in relations. TEHRAN, Iran — Chinese President Xi Jinping said Saturday he hopes for a “new chapter” in relations with Iran after the lifting of international sanctions under a historic nuclear deal, as he paid the first visit by a Chinese leader to the Islamic Republic in 14 years.
Xi met with his Iranian counterpart Hassan Rouhani in Tehran on Saturday, during the first visit to the country by a Chinese president in 14 years. “In cooperation with the Iranian side and by benefiting from the current favorable conditions, China is ready to upgrade the level of bilateral relations and cooperation so that a new chapter will start in bilateral relations,” Xi said after meeting with Iranian President Hassan Rouhani, according to Iranian state TV.
Trade between the two countries stood at some $52 billion dollars in 2014, but that figure dropped last year due to plunging oil prices. Trade between the two countries stood at some $52 billion in 2014, but that figure dropped last year due to plunging oil prices. China is Iran’s biggest trade partner, and continued purchasing oil from Iran after nuclear-related sanctions were tightened in 2012, despite U.S. pressure.
China is one of six world powers -- along with the U.S., Germany, France, Britain and Russia -- that reached an agreement with Iran last summer to lift international sanctions in exchange for Tehran curbing its nuclear program. The deal was implemented a week ago. “China has always stood by the side of the Iranian nation during hard days,” Rouhani said, in comments posted on his official website.
Officials from the two countries signed 17 documents and letters of intent to broaden bilateral cooperation in industry, transportation, railways, ports, new technology, tourism, the environment and energy.
China is one of six world powers -- along with the U.S., Germany, France, Britain and Russia -- that reached a landmark agreement with Iran last summer to lift international sanctions in exchange for Tehran curbing its nuclear program. The deal was implemented a week ago after the U.N. nuclear watchdog certified that Iran had fulfilled all its commitments.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.