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.

Recent Posts

Iran’s president: Aid routes to Gaza must not be blocked

The President of the Islamic Republic of Iran, Massoud Pezeshkian, stated that the Zionist regime,…

5 hours ago

Zelensky admits impossibility of reclaiming Ukraine’s Donbass, Crimea

Kiev lacks the capability to "reclaim" Donbass and Crimea from Russia, President Volodymyr Zelensky has…

8 hours ago

US ‘aware’ of Israel’s nuclear weapons production for decades: Declassified doc.

Newly declassified documents have disclosed that the United States was aware that Israel was capable…

9 hours ago

Moscow says arrested Uzbek national behind assassination of Russian general

Russia says the suspect behind the terrorist attack that killed Lieutenant General Igor Kirillov, Chief…

9 hours ago

Iran’s ex-president Rouhani says shocked by hijab law, cites “contradictions with Qur’an, Constitution”

Former Iranian President Hassan Rouhani has expressed shock over the recent hijab law approved by…

9 hours ago

US lawmakers call on Biden to halt offensive weapons to Israel

Democratic legislators in the United States have urged the administration of President Joe Biden to…

11 hours ago