China to Offer $8.1bn in Investment, Finance to Iran’s Agriculture Projects
TEHRAN - Iran’s deputy ministry of agriculture Shahpour Alayi has said that China will offer $8.1 billion worth of investment and finance to various agriculture projects in Iran based on agreements reached between the two countries during a recent trip to Beijing by Iranian President Ebrahim Raeisi.
Alayi said that China will invest some $3.5 billion in fishery, mechanization, arable farming, green houses and dryland farming in Iran as part of a MoU signed between the two countries during Raeisi’s visit to China earlier this week.
Alayi said Iran will also be able to access some $4.6 billion worth of Chinese resources under a finance scheme for two major agricultural projects in south and north of the country.
He said Iran will finish preparations for the implementation of the agreements with China until late March, adding that the projects could start in early April.
The official said the MAJ had set up committees to pursue the implementation of the agriculture MoU with China, adding that guidelines on the agreement will be issued for private sector companies and commerce chambers within the next weeks.
Results of Iran-China
agreements ‘will be visible soon’
The head of the Iran Trade Development Organization Alireza Peyman says Recent agreements reached between Iran and China will become operational within the next two months, the effects of which “will be visible soon”,.
Peyman Pak on Monday touched on President Ebrahim Raeisi’s landmark visit to Beijing last week, saying preparations for the trip had been made several months ago with the aim of developing trade and economic relations with China.
According to the official, development of trade and economic relations between Iran and China is one of the important priorities of the Raeisi administration, given that China is currently one of the largest economies in the world.
The trip marked a raft of agreements, memoranda and contracts signed between the two sides for development of various relations in tourism, mining, railway, commercial, machinery, industrial and mining equipment sectors.
Peyman Pak said China is one of the largest consumers of mineral products in the world, adding discussions were held on the participation of Chinese companies in developing Iran’s extractive sector.
Iran and China, he said, reached “good agreements” on cooperating in the automotive industry, including on transfer of technology, improvement of production and supply of parts as well as in the rail sector.
“Within the next one to two months, most of these memorandums, agreements and contracts will enter the implementation phase,” Peyman Pak said.