Iran, China sign landmark 25-year cooperation agreement

China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance.

“Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran,” Wang Yi, Chinese Foreign Minister said telling his Iranian counterpart Mohammad Javad Zarif.

“Our relations with Iran will not be affected by the current situation, but will be permanent and strategic,” Wang said

“Iran decides independently on its relations with other countries and is not like some countries that change their position with one phone call.”

The accord brings Iran into China’s Belt and Road Initiative, a multi-trillion-dollar infrastructure scheme intended to stretch from East Asia to Europe.

The project aims to significantly expand China’s economic and political influence, and has raised concerns in the United States.

China has spoken out often against U.S. sanctions on Iran and partly contested them. Zarif called it “a friend for hard times”. 

Wang met President Hassan Rouhani ahead of the signing in Tehran. The agreement was expected to include Chinese investments in sectors such as energy and infrastructure.

Road map

Rouhani expressed appreciation of Beijing’s support for Iran’s position on its 2015 nuclear deal with world powers, in which it agreed to curb its nuclear programme in return for the lifting of international sanctions.

“Cooperation between the two countries is very important for the implementation of the nuclear accord and the fulfilment of obligations by European countries,” Rouhani said.

U.S. President Joe Biden has sought to revive talks with Iran on the nuclear deal abandoned in 2018 by his predecessor, Donald Trump in 2018. Tehran wants the sanctions that Trump imposed removed before any negotiations resume.

“Under the new administration, the Americans want to reconsider their policy and return to the nuclear accord, and China welcomes their move,” Wang said.

He also promised that China would provide more coronavirus vaccines to Iran, the Middle Eastern country worst-hit by the pandemic.

Saeed Khatibzadeh, Iranian foreign ministry spokesman said the agreement was a “road map” for trade and economic and transportation cooperation, with a special focus on both countries’ private sectors.

Olusola Akintonde/Reuters