Iran, China ink cooperation pact

Tehran (Iran), March 27

Iran and China on Saturday signed a 25-year strategic cooperation agreement addressing economic issues amid crippling US sanctions on Iran, state TV reported. The agreement dubbed as Comprehensive Strategic Partnership covers a variety of economic activity from oil and mining to promoting industrial activity in Iran as well as transportation and agricultural collaborations, according to the report.

No additional details of the agreement were revealed as Iran’s Foreign Minister Mohammad Javad Zarif and Chinese counterpart Wang Yi took part in a ceremony marking the event. The deal marked the first time Iran has signed such a lengthy agreement with a major world power. In 2001, Iran and Russia singed a 10-year cooperation agreement, mainly in the nuclear field, that was lengthened to 20 years through two five-year extensions.

The deal, which had been

discussed since 2016, also supports tourism and cultural exchanges. It comes on the 50th anniversary of the establishment of diplomatic relations between China and Iran. The two countries have had warm relations and both took part in a naval exercise in 2019. — AP

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