Economy

China to Invest in Iran’s Fishing Industry

The agriculture ministers of Iran and China signed two cooperation documents to boost cooperation between the two countries in the field of fisheries and aquaculture.

Based on the documents, signed in a meeting between the two in Tehran on Saturday, China will invest 20 billion Yuans ($3 billion) in different parts of Iran’s fishery sector.

The Chinese minister of agriculture, Han Changfu, is visiting Iran at the head of a 20-strong delegation of investors to develop cooperation between the two countries in different agricultural areas, especially in fisheries.

In recent months, the two countries have sought to enhance ties in various spheres, especially economy and trade.

Back in January, China’s President Xi Jinping paid an official visit to the Iranian capital, during which high-ranking officials from the two sides signed 17 cooperation agreements and memorandums of understanding (MoUs).

International interest in ties with Iran has been growing since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive nuclear deal and started implementing it on January 16.

The agreement, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Share
Published by
IFP Media Wire

Recent Posts

Palestinian Authority president calls Hamas ‘sons of dogs’ over Gaza war

Palestinian Authority President Mahmoud Abbas has called Hamas “sons of dogs”, demanding the release of…

4 hours ago

Powerful earthquake strikes near Istanbul, scores injured in panic

A 6.2-magnitude earthquake struck off the coast of Istanbul on Wednesday leading to scenes of…

4 hours ago

Chogha Zanbil: Grandeur of Iran’s Elamite architecture

Chogha Zanbil, an ancient ziggurat in Khuzestan, southern Iran, is the first Iranian site registered…

8 hours ago

Iranian Taekwondo athletes snatch 4 gold medals in China

At the end of the first day of the World Taekwondo Federation President's Cup in…

8 hours ago

Ukraine peace talks downgraded

Top diplomats of the United States, Ukraine, France, Germany and the United Kingdom have postponed…

8 hours ago

‘National disgrace’: US lawmakers decry pro-Palestine student detentions on visit to jails

US congressional lawmakers have denounced the treatment of Mahmoud Khalil and Rümeysa Öztürk, the students…

8 hours ago