China calls for closer cooperation with Iran

Chinese President Xi Jinping says China will give priority to energy and financial cooperation with Iran on sidelines of the United Nations summit in New York

Photo by: AP
Photo by: AP

Iranian President Hassan Rouhani, second left, and his Chinese counterpart Xi Jinping, right, talk during their meeting at the Xijiao State Guesthouse in Shanghai, China, Thursday, May 22, 2014

Chinese President Xi Jinping and his Iranian counterpart Hassan Rouhani met on Monday and agreed to improve bilateral cooperation after the Iranian nuclear issue is resolved.

Xi Jinping said following an agreement to limit Iran's nuclear program the country will have many opportunities in the fields of energy and financial cooperation and added that Chinese-Iranian ties hold new opportunities especially for the construction of railways and roads, iron and steel production, auto manufacturing, electricity and high-technology.

China has given great importance to expanding its cooperation with Iran since the two countries established diplomatic relations nearly 40 years ago, Xi said on the sidelines of the United Nations summit in New York.

A historic nuclear deal between Iran and six world powers was announced in July in the Austrian capital of Vienna. According to the deal Iran’s nuclear activities will be curbed in exchange for sanctions relief. The main aim of the agreement is to end a nearly 12 year long stand-off between Iran and the six world powers - Germany, the US, Russia, China, Britain and France. The deal was declared by Iranian Foreign Minister Mohammad Javad Zarif and the European Union's foreign policy chief Federica Mogherini in a joint statement.

Some observers have speculated that the repercussions of the Iran nuclear agreement will increase the current instability in the Middle East. Others insist that an improvement of relations between Tehran and the West might affect the region positively. All agree on only one point: the historic deal will change the balance of power in the Middle East.

Now Iran is waiting for the six world powers to lift sanctions imposed by the United States, European Union and United Nations.

TRTWorld and agencies