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.