China intends to increase trade turnover with Iran
By Abdul Kerimkhanov
China is looking for a way to increase trade with Iran and invest in that country, said the chairman of the China International Contractors Association (CHINCA), which accounts for 23 percent of global investment.
Fang Qiuchen said that the trade between Iran and China is attracting attention, and various Chinese companies are implementing large projects with their Iranian counterparts, IRNA reports.
He noted that Iran and China have good connections in energy, petrochemistry and trade.
Fang informed the Chinese held a large fair at the Tehran International Exhibition Center in 2018.
Saying that famous Chinese companies are interested in cooperation with Iran in the field of infrastructure and energy, he expressed readiness to implement joint projects under the leadership of the leaders of the two countries.
Fang stressed the need for information exchange between Chinese and Iranian companies and said that this would help further cooperation.
He also said that CHINCA plays the most important role in investments outside of China. The Chinese official added that the organization has 1,500 members who work in the construction, energy and petrochemical industries.
Fang noted that CHINCA announced that it invested $241 billion in 2018.
China International Contractors Association (CHINCA) is the national organization formed by Chinese international project investors, contractors, labor service companies and related service providers.
CHINCA has been actively performing its duty of communicating members' appeals, strengthening industry self-discipline and providing professional service since its establishment in 1988, aiming to drive sound development of members and promote rapid and healthy progress of China's international investment and economic cooperation.
CHINCA now has more than 1,300 members , among which over 1,000 are engaged in international project engineering, contracting and investment, representing about 90 percent of the whole industry business value, distributing in more than 190 countries and regions.
For years, more than 60 members of CHINCA have been listed in Engineering News-Record Top 250 International Contractors and several key members among the Fortune Global 500. CHINCA members have undertaken various projects in the fields of transportation, power and electricity, housing, petrochemical industry, telecommunication, water conservancy, and industrial and manufacturing construction.
Member companies of labor service cooperation are engaged in dispatching technical and managerial personnel and skilled contract workers outside China in the areas of manufacturing, construction, transportation, medical service, IT service, catering, agriculture, husbandry, and fishery industries, etc.
CHINCA members also include service providers like financial institutions, insurance companies, logistics companies, consulting and law firms, as well as machinery, equipments and building materials suppliers.
Diplomatic relations between Iran and China were established on August 16, 1971.
The volume of Iranian-Chinese trade reached a historically high value of $ 20 billion in January-Jule 2018.
China has repeatedly stressed that the country will maintain a high level of bilateral relations with Iran, regardless of the position of third countries.
In turn, Iran last year significantly eased visa rules for China, increased the volume of energy exports and began to show interest in various multilateral economic formats in Asia with Chinese participation.
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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94
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