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China to invest Iran’s fisheries, aquaculture

Iran and China have signed agreements which will bring ‎¥20bn Chinese finance to country’s fisheries and aquaculture, Mehr reports.

Mahmoud Hojjati, Minister of Agriculture told Iran’s IRIB news center that meeting with Chinese counterpart hit the agreement by which China would invest in northern and southern fisheries and aquaculture of Iran; “we predict a further development in this amount by Iran’s joining to Shanghai Cooperation Organization (SCO),” he added, “in a 20-year prospective plan, we prepare, in a gradual pace, 600,000 hectares (1.7 million acres) of northern provinces of Mazandaran, Golestan, and Guilan, where Chinese contribution wnisi20160822_0012101224ill improve traditional production facilities and practices in rice plantations, thus providing an economic advantage as well.”

Hojjati also told IRIB news center that an agreement with Chinese officials would facilitate in animal and plant quarantine systems, with the latter to be signed in upcoming month; “Chinese investors promised to invest around $3bn in Iran’s fisheries, both in northern and southern quarters to improve production; the major problems of trade of agricultural products are to be attributed to the lack of necessary infrastructures, a thing addressed by the agreement with Chinese officials,” he told IRIB news center.

Trade turnover of Iran and Azerbaijan may surpass $300 million

The volume of trade turnover between Iran and Azerbaijan currently stands at about $100 million but it must increase considerably, the Iranian deputy minister of industry, mine and trade, Hossin Esfahbodi, said on the sidelines of the ongoing Iran Project 2016 in Baku, Vestnik Kavkaza reports.


Elaborating on existing trade capacities between the two countries, the deputy minister said that the current level of turnover is not satisfactory and it must surpass $300 million over the next year.

Over 50 Iranian companies specializing in oil, gas, construction, pharmaceutical, car making and other industrial spheres have showcased their capabilities during the three-day exhibition.

The volume of trade turnover between the two countries soared by 70%over the first seven     months of the current year, Trend reports.

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