TEHRAN -- Iran has boosted mutual economic ties with China 40 percent in the last six months, Majid-Reza Hariri, deputy of Iran-China Joint Chamber announced here Friday.

“For the time being, the value of bilateral trade transactions has reached 9.72 billion dollars, showing a 39.9 percent increase when compared to the figure of the corresponding period in its previous year,” he added.
Hariri said Iran has exported 6.44 billion dollars worth of products to China in the past six months and China had 3.28 billion dollar exports.
“The increase in oil, steel, and machinery prices is the main reason behind the growth of trade between the two states,” he noted.
The value of Iran-China trade is expected to soar to 19 billion dollars by the end of 2007, he added.
“Oil, gas, petrochemicals, stones, raw mineral materials, and dried fruits were the products exported to China, whereas steel, machinery, and technical and engineering services were exported to Iran.