The Iran and China Investment and Trade Conference was held with the presence of economic and diplomatic officials from both countries, managers of major Iranian companies, and Chinese economic activists at the ninth China International Import Expo in Shanghai. This conference focused on "Opportunities for Cooperation in the Iran-China Trade Supply Chain" and examined the investment and trade capacities between the two countries.
Introduction of Investment Capacities in 11 Areas
Mehdi Heydari, Deputy Minister of Economic Affairs and Finance, at this meeting introduced Iran's investment capacities, announcing the preparation of a collection including about 150 projects in 11 strategic areas with an approximate value of $300 billion. He also pointed out the country's extensive needs in the energy and infrastructure sectors, stating that the volume of investment required for the renovation and development of these sectors in the next five years is about $250 billion.
According to Heydari, of the total opportunities introduced to foreign investors, about 30 projects are dedicated to the petrochemical sector, for which more than $45 billion in investment is needed. These projects include the development of petrochemical infrastructure and the enhancement of production of higher value-added products.
Development of Cooperation in Emerging Industries
Abdol-Sadeh Nissi, Assistant to the President of the Trade Development Organization and Director General of the East Asia and Pacific Office of this organization, identified two main axes of economic cooperation between Iran and China: the development of exports of higher value-added goods and strengthening trade corridors. He emphasized the necessity of moving from the export of raw and semi-raw materials to the export of processed products.
Seyed Mohammad Reza Hashemi, Governor of South Khorasan, also introduced the economic capacities of this province and invited Chinese investors to visit investment opportunities in South Khorasan. He listed the presence of over 58 types of active minerals, more than 300 sunny days a year, and suitable capacity for the establishment of solar and wind power plants as advantages for investment in this province.
Rahmani Fazli, the Ambassador of the Islamic Republic of Iran in China, in his speech emphasized the necessity of utilizing existing capacities to expand economic and technological cooperation. He also referred to the introduction of Iran's scientific and technological capacities at the national pavilion of this country at the expo, which includes medical diagnostic equipment, nanomedicine, and biopharmaceuticals.
In this forum, representatives of Iranian and Chinese companies exchanged views on project introductions, industrial collaborations, and financing methods. The holding of this meeting on the sidelines of the expo provided an opportunity to introduce Iran's economic capacities to market players in China and create direct connections between businesses of the two countries.
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