TEHRAN- Iranian Finance and Economic Affairs Minister Ali Tayyebnia, leading an economic-cultural delegation, arrived in the Chinese capital on Monday morning to co-chair the 16th meeting of Iran-China Joint Economic Committee on Tuesday and Wednesday, Mehr news agency reported.

During his stay, the Iranian minister will hold talks with some senior Chinese officials including his counterpart and the Chinese deputy prime minister and the two countries will sign a memorandum of understanding (MoU) on trade and economic cooperation.
As reported, a delegation comprised of representatives from Iran’s Oil Ministry as well as economic, industrial, commercial, banking, and cultural organizations, in addition to the private sector are accompanying the finance minister in his trip to the Eastern Asian country.
Iran-China Joint Economic Committee’s previous meeting was hosted by Tehran in early 2014.
A new chapter has been opened in relations between Iran and China, as the Iranian President Hassan Rouhani said in late January when Chinese President Xi Jinping visited Tehran.
“The value of trade between the two countries would reach $600 billion in 10 years,” Rouhani said at the time.
Xi visited Iran at the head of high-ranking political and economic delegation. His trip came just one week after the nuclear deal between Iran and great powers, which China is a member, went into force.

HJ/MA