| FRIDAY JUNE 23 2000 PUBLISHED BY CHINA DAILY | |||||
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Rainfall at this plum rain season normal AIDS boy Peng Peng passes away Huating moves Timeshare hotel concept checks in ROK delegation here for talks Bookshops turn over new leaf on piracy Survey sparks controversy Entrepreneurs warned not to neglect their studies Cheat in the name of 'helping the poor' She escapes from warring island Study abroad tempts local teenagers A passion for study overseas |
China, Iran look forward to increased trade in future IRANIAN and Chinese business people explored potential for further exchanges and co-operation at a seminar titled "Sino-Iranian Trade and Investment Opportunities Seminar" yesterday afternoon. The seminar coincided with the start of Iranian President Mohammad Khatami's six-day state visit to China. The visit was the president's first since he took office in 1997. Iranian Deputy Minister of Commerce Mojtaba Khosrotaj, who is leading a 70-member business delegation on a visit to China, spoke at the seminar. Over 300 Iranian and Chinese business people also participated. Sino-Iranian business contact has intensified in recent years demonstrating great promise for future co-operation. Trade volume between the two countries reached $1.35 billion last year, up 10.9 per cent compared with the previous year. Major business contact occurred in sectors such as energy, transport, metallurgy, textile and light industries. There are good prospects for further co-operation in petroleum, natural gas, energy, transport, and telecommunications, a Chinese official pointed out at the seminar. Another speaker revealed growth in business between Shanghai and Iran has accelerated rapidly over the past year. During the January-to-May period this year, trade volume between Shanghai and Iran reached $29 million, up 160 per cent over the same period last year. Of this amount Shanghai exports grew by 255 per cent to reach $13.9 million, while Shanghai imports from Iran grew by 109 per cent to reach $15.1 million. Sino-Iranian trade has seen healthy increase since the early 1990s. Mutual trade jumped from $20 million at the beginning of the 1990s to $1.3 billion in 1999. Over the past few years, Chinese enterprises have been involved in over 20 projects in Iran, notably power plants, the cement business, ship-building, minerals and the metro. Copyright 2000 by Shanghai Star. All rights reserved. |
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