Home Business Iran and China sign agreement strengthening economic and political alliance

Iran and China sign agreement strengthening economic and political alliance

Iran’s Foreign Minister Mohammad Javad Zarif and China’s Foreign Minister Wang Yi bump elbows during the signing ceremony of a 25-year cooperation agreement, in Tehran, Iran March 27, 2021.

Majid Asgaripour | WANA (West Asia News Agency)

China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance.

“Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran,” Chinese Foreign Minister Wang Yi was quoted by Iran’s state media as telling his Iranian counterpart Mohammad Javad Zarif.

“Our relations with Iran will not be affected by the current situation, but will be permanent and strategic,” Wang said ahead of the televised signing ceremony.

“Iran decides independently on its relations with other countries and is not like some countries that change their position with one phone call.”

The accord brings Iran into China’s Belt and Road Initiative, a multi-trillion-dollar infrastructure scheme intended to stretch from East Asia to Europe.

The project aims to significantly expand China’s economic and political influence and has raised concerns in the United States.

Chinese President Xi Jinping attends a conference at the Belt and Road Forum for International Cooperation on May 15, 2017.

Jason Lee | Pool | Getty Images

China has spoken out often against U.S. sanctions on Iran and partly contested them. Zarif called it “a friend for hard times.”

Wang met President Hassan Rouhani ahead of the signing in Tehran. The agreement was expected to include Chinese investments in sectors such as energy and infrastructure.

Rouhani expressed appreciation of Beijing’s support for Iran’s position on its 2015 nuclear deal with world powers, in which it agreed to curb its nuclear program in return for the lifting of international sanctions.

“Cooperation between the two countries is very important for the implementation of the nuclear accord and the fulfillment of obligations by European countries,” Rouhani said, according to his official website.

U.S. President Joe Biden has sought to revive talks with Iran on the nuclear deal abandoned in 2018 by his predecessor, Donald Trump in 2018. Tehran wants the sanctions that Trump imposed removed before any negotiations resume.

“Under the new administration, the Americans want to reconsider their policy and return to the nuclear accord, and China welcomes their move,” Wang said.

He also promised that China would provide more coronavirus vaccines to Iran, the Middle Eastern country worst-hit by the pandemic.

Iranian foreign ministry spokesman Saeed Khatibzadeh said the agreement was a “road map” for trade and economic and transportation cooperation, with a special focus on both countries’ private sectors.