Mehrdad Rahimi, a board member and director of international affairs at the National Petrochemical Company, emphasized the extensive economic cooperation potential between the two countries at the Iran-China Joint Business Forum in Shanghai. He mentioned joint investment, development of transportation and port infrastructure, and the use of national currencies as key proposals for enhancing interaction in the petrochemical industry.
Development of Iran's Petrochemical Industry
Rahimi elaborated on the capacities and opportunities for cooperation in Iran's petrochemical industry during this meeting and stressed the necessity of developing relations between the two countries in the fields of investment and financing. He added, "The development of Iran's petrochemical industry is pursued with a focus on increasing product diversity and moving towards the production of higher value-added products."
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Logistical and Commercial Infrastructure
Rahimi also identified the development of bilateral cooperation in logistics and commercial infrastructure as an important area for strengthening exchanges between the two countries. According to him, joint investment in petrochemical storage and distribution facilities in China and the development of maritime and rail transport routes are among the capacities that can facilitate trade and enhance the export of petrochemical products.
Rahimi also emphasized the importance of establishing efficient financial mechanisms for expanding economic cooperation. He proposed the use of rial and yuan in trade exchanges and leveraging the capacities of financial institutions and China's export credit tools, and discussed the possibility of creating joint banks or establishing branches of Chinese banks in Iran as another significant proposal to facilitate trade and finance petrochemical projects.
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