Iran,China hold meeting to strengthen maritime and railway transportation

Iran,China hold meeting to strengthen maritime and railway transportation

The expert level meeting between Iran and China was held in the Chinese southern city Iowa on Sunday,aimed at developing cooperation in maritime and railway transportation .

The meeting was organised by chamber of commerce for Iranian residents in south and east of China.

At present, over 1,000 Iranian businesspersons are active in China of which 300 are members of the chamber of commerce for Iranian residents in the Asian country.

In the gathering, Shanghai also was introduced as the world busiest and biggest harbor city.

The port of Shanghai, located in the vicinity of Shanghai, comprises a deep-sea port and a river port.

The spokesman for the Chinese ministry of commerce said earlier on Saturday that China and Iran are great economic partners, and the two nations enjoy growing and durable economic relations, reports Islamic Republic News Agency.

The two countries remain to be important trade partners and, based on the figures, relations between Beijing and Tehran are satisfactory, Gao Feng said.

China-Iran economic cooperation is on a positive path, and the two nations are expected to witness growing cooperation, Feng said.

Beijing attaches great importance to its relations with Iran and will continue its legitimate and regular economic cooperation with the country despite US sanctions, he said.

According to data from online shipping monitoring service, some 517,143 barrels per day (Bpd) of Iranian crude went to China in November 2018. This is a 44.85% share of total Iranian exports last month, but a large drop compared to the 820,363 Bpd imported in October.

The total value of Iranian exports to China from January to November in 2018 reached about $20 billion, data released by the East Asian country's customs.

The Chinese imports from Iran in the first 11 months of 2018 reached $19.7 billion, showing a 16 percent increase compared to the same period last year, according to China's customs office.

The total value of Iranian exports to China from January to November 2017 had amounted to $16.9 billion, the data showed.

China's exports to Iran from January to November 2018 stood at $13.7 billion, decreasing by 17 percent compared to the same period in 2017. China exported $16.5 billion worth of goods to the Islamic Republic in the first 11 months of 2017.

Iran's balance of trade with China amounted to $6bln this year, according to the report.

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