China is all set to implement a strategic agreement with Iran, in a bid to strengthen economic and political cooperation between both the countries.

Highlights

• In a meeting, China also reaffirmed its opposition to USA’s sanctions on Iran.
• Announcement for implementing “China-Iran Strategic agreement” was made at a meeting in east China’s Wuxi on January 14, 2022.

China-Iran Strategic agreement

• During the meeting, foreign ministers agreed to step up cooperation in energy, production capacity, infrastructure, science & technology, and medical & health care.
• Bilateral relations will also be expanded to sectors like agriculture, fisheries, third party market, cybersecurity, people-to-people as well as cultural exchanges in film, education, and personnel training.
• They have also agreed to make “adequate arrangements” for setting agreement in motion.

$400 billion agreement

‌‌China and Iran signed a $400 billion agreement on March 27, 2021 by then Iranian Foreign Minister Javad Zarif and Wang. The agreement includes Economic & Cultural interaction between both the countries. It also opens up ways for Iran’s participation in Belt and Road initiative which is an infrastructure project running from East Asia to Europe. The project was launched with the aim of expanding China’s economic and political influence.

By: Brijesh Kumar