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25-Year Strategic Cooperation Pact : China And Iran

25-Year “Strategic Cooperation Pact: China And Iran:

China and Iran have signed a 25-year “strategic cooperation pact” which includes “political-economic and strategic components”.

  • The agreement comes amid a major push from China to back Iran to deal with the continuing weight of sanctions reinstated by the US after its withdrawal from the Iranian nuclear deal.
  • It will deepen relations between Iran and China and would establish a blueprint for “reciprocal investments in the fields of transport, ports, energy, industry and services.”
  • It forms a part of China’s trillion-dollar Belt and Road Initiative (BRI), a plan to fund infrastructure projects and increase its influence overseas.