Iran and China sign major infrastructure, trade agreements

China and Iran on Saturday signed several agreements on infrastructure and trade cooperation, Trend reports referring to Chinese Xinhua news agency.

He Guoqiang, a senior official of the Communist Party of China (CPC) who is currently on a three-day official visit to Iran, and Iranian Vice President Mohammad-Javad Mohammadizadeh witnessed the signing ceremony.

Under these new agreements, Chinese companies will invest in some major infrastructure projects in Iran, including a water diversion project and a dam. Chinese companies will also import large quantities of chrome ore and celestine from Iran.

In 2010, bilateral Irani-Chinese trade reached a record 29.3 billion U.S. dollars, increasing by 38.5 percent over the previous year. China has also given financial and technological support to some major infrastructure projects in Iran.