Sino-Iran 2007 Trade Volume Exceeds US$20 bln

A03168547.jpgTEHRAN (FNA) – According to the latest statistics from Iran, the total trade volume between Iran and China exceeded US$20 billion in 2007, soaring more than 38% from the previous year.

In recent years, Iran raised exports of crude oil and construction materials to China, and it has seen growing imports of electronic products and auto components from China.

Javad Mansouri, Iran’s Ambassador said in Beijing yesterday that Iran was one of the largest energy suppliers of China, with exported crude oil accounting for 13% of China’s total share.

He also said the current economic cooperation between the two sides was satisfactory, and Iran would strive to promote economic and political cooperation with China.

In 2006, China overtook Japan to become Iran’s largest trade partner, with bilateral trade volume amounting to US$14.45 billion.

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