Bilateral Relations: Iran, China call for establishing joint investment committee

Beijing, China, Sept 2, IRNA – The Iranian ambassador to Beijing here on Thursday held talks with the Chinese vice minister of commerce on establishing a joint investment committee

Iranian ambassador to Beijing Mehdi Safari underlined that the two countries' trade volume has increased by 33 percent in the first seven months of the current Iranian calendar year started on March 21.

He said the value of two countries’ trade reached dlrs 8.6 billion in the first quarter of the current Iranian year of which drls 5.4 billion refers to Iran's export.

Chen Jian, for his part, expressed hope that a joint investment committee could be established as soon as possible, adding the two sides should introduce new mechanisms for fostering investment cooperation in this committee.

Jian added the committee could play a vital role in boosting bilateral ties.

The two sides also conferred on the next joint economic commission to be held in Beijing.