Iran, China Ink MoU in Textile Industry Sector

Date: 22 November 2023 - 21:47

News ID: ۱۲۱۷۷۳

TEHRAN – Chair man of the Board of Directors of the Iran Textile Industries Association and the head of China International Textile Trade Promotion Council in Shanghai on Wednesday signed a memorandum of understanding (MoU) in the fields of textile industry and clothing.

The two sides expressed hope that relations between the two countries will expand further with developing investment and sharing the technical know-how and experience of industrialists.

The signing ceremony was attended by senior officials of the two countries including Director General of Clothing and Textile Industries Office of the Ministry of Trade Mohsen Gorji, members of the Board of Directors of China’s Supreme Council of Textile and Clothing Industries and activists in the field of clothing and textile industry.

The ITMA is the world’s largest international textile and garment technology exhibition which is held once every two years in Shanghai.

Iran’s Exports to China Up 25%

China’s Customs Office data showed Iran’s export of products to China in October 2023 grew 25 percent compared to a month earlier.

According to the data, the total value of trade exchanges between Iran and China was $12.02 billion from January to October 2023, showing a 10 percent down compared to the same period last year.

The value of trade exchanges between Iran and China from January to October 2022 was $13.330 billion.

China exported $8.280 billion worth of products to Iran from January to October 2023, registering a nine percent hike compared to last year’s corresponding period.

China had exported more than $7.610 billion worth of products to Iran from January to October 2022.

Iran exported $3.74 billion worth of products to China in the first 10 months of the current year (January to October 2023).

China imported over $5.720 billion worth of products from Iran from January to October 2022, China’s Customs Office added.