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                                        Volume. 11874

Iran-China annual trade may hit $38b by mid-March: official
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TEHRAN - The value of annual trade between Iran and China may reach $38 billion by the end of the current Iranian calendar year (March 20, 2014), the chairman of the Iran-China Joint Chamber of Commerce announced on Wednesday.
 
The bilateral trade stood at $27.5 billion in the first eight months of the current year (ended on November 21), IRIB quoted Asadollah Asgaroladi as saying.
 
The development of [Iran’s] non-oil exports, [the expansion of] joint ventures, and the enhancement of banking cooperation (through purchasing shares of Chinese banks by Iranian entities) are our main objectives in the chamber of commerce, he explained.
 
Iran’s non-oil exports to China exceeded $4.5 billion in the first half of the current Iranian calendar year, he said, adding that the figure is hoped to reach $9 billion by the yearend, Asgaroladi stated.
 
Iran’s trade balance with 96 countries was positive in the first eight months of 2013, according to data released by the Iranian Customs Administration Office. 
 

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