Iran-China trade hit US$ 52-B in 2014

TEHRAN, Jan. 18 (PNA/IRNA) — Iran-China transactions reached US$ 52 billion in 2014, indicating a growth of 35 percent year-on-year, said managing director of the Industries, Mines and Trade Ministry’s Center for Commercial Training.

Abbas Khaleqitabar added that Iran exported about US$ 28 billion worth of goods to China during the period, showing an increase of 10 percent compared to the preceding year’s figure, according to Sunday’s edition of ‘Iran Daily’.

The official noted that China is a destination for 52 percent of Iran’s total exports, less than 16 percent of which pertain to non-oil commodities.

“China is one of the most important and largest markets for the commodities exported by Iran,” he said.

Khaleqitabar said the Conference on Trade With China, to be attended by high-ranking economic officials of the two countries, will be held in Tehran on Jan. 26.

“Export potentials of Iran and China, principles of talks between Iran and China, trade recommendations with Chinese companies and holding trade, transportation, insurance and banking exhibitions in China are among issues on the conference agenda,” he said.

The official noted that Iran is capable of exporting 10 types of commodities to China, including oil and its derivatives, minerals, metals and trucks, livestock products and construction stones, detergents, dried fruits and marine products.

Handicrafts, including carpets and rugs, and food products such as orange juice and chocolates are among other commodities that can be exported to China.

Khaleqitabar said industrial machineries, electronic devices, tablets, cellphones and vehicles comprised 50 percent of China’s export to Iran.

“At present, two Iranian banks are active in China,” he said, stressing that problems concerning financial transactions with China should be resolved. (PNA/IRNA)