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China And Iran Agreement

China And Iran Agreement:

China would begin implementing a strategic agreement with Iran, strengthening economic and political cooperation between the two countries as Beijing blasted Washington’s sanctions on Tehran.

  • China and Iran signed the agreement last year after years of talks, with the wide-ranging partnership set to span areas including energy, security, infrastructure and communications.
  • Chinese Foreign Minister Wang Yi and Iranian counterpart Hossein Amir-Abdollahian announced the start of the partnership’s implementation at a meeting in east China’s Wuxi.
  • China is Iran’s leading trade partner and was one of the biggest buyers of the country’s oil before then-U.S. president Donald Trump reimposed sweeping unilateral sanctions in 2018.
  • China has officially stopped importing oil from Iran, but analysts say Iranian crude is continuing to enter the country disguised as imports from other countries.
  • Beijing has long sought to boost ties with Tehran, with Chinese president Xi Jinping describing Iran as “China’s major partner in the Middle East” on a rare visit to the country in 2016.
  • Wang and Mr. Amir-Abdollahian’s meeting comes as talks continue in Vienna over a potential deal to halt Tehran’s development of nuclear weapons.
  • A 2015 deal agreed by Iran, the U.S., China, Russia, Britain, France and Germany — offered Tehran sanctions relief in exchange for curbs on its nuclear programme.
  • But the U.S. withdrew from the agreement in 2018, reimposing biting sanctions and prompting Tehran to begin rolling back on its commitments.

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