‘Silk Road summit aired investment options in Iran’

Seyed Reza Aghazadeh, Iran's commercial attaché in China, said several advantages of foreign investment in Iran had been examined at the international Silk Road summit held last week in Beijing.
Publish date : Wednesday 20 December 2017 10:54
Code: 300473
The two-day Belt and Road Forum for International Cooperation closed last Monday in Beijing, with Chinese President Xi Jinping declaring the event a success and China signing deals with 68 countries to jointly develop infrastructure along the new Silk Road trade routes.

Aghazadeh, who is Iranian commercial counselor in China, said the summit aimed at boosting trade and cultural exchanges and enjoyed participation of over 200 companies and unions from China as well as foreign diplomats and ambassadors in Beijing. “At the session, while distributing a book on investment in Iran, advantages of investment in the country were described,” he stated.

Lecturers at the event recounted on development of China’s Road and Belt initiative and expansion of cooperation, said the official adding “as regards Iran, the most important issues raised at the event were introducing Iran’s economy and resources, foreign investment laws in the mainland and free zones, tax incentives for investment and legal protection of rights of foreign investors.”

Aghazadeh went on to maintain that representatives from foreign countries like Croatia, Lithuania, Pakistan, Nepal and Iran each presented foreign investment advances and policies in competitive markets.

China and Iran should be considered as two strategic partners, partners who have remained together in the midst of intricate international conditions, but the important point is the expansion of economic relations over the past four years when two pragmatic governments were holding office in both sides.

In 2016, volume of trade turnover between Iran and China was 410 thousand tons higher as compared to the 2015 figure with its worth climbing to more than $ 31.24 billion, although the figure failed to break the record of $ 50 billion dollars set in 2014.

But in the first nine months of 2017, according to latest figures from the Chinese Customs, value of trade between Iran and China exceeded $ 27 billion, indicating a trade balance of $ 540 million in favor of our country.

Namely, Iran has shipped goods worth $ 13.88 billion over the past 9 months, which is $ 3 billion larger than the same period last year, while last year’s trade balance was $ 940 million in favor of China.