Tehran-Beijing economic relations to hit $600bn within 10 years

Iranian President Hassan Rouhani on Saturday said Tehran-Beijing economic relations would reach $600 billion in the next 10 years.

During a press conference with his Chinese counterpart Xi Jinping in Tehran, the Iranian president underlined necessity of expediting compilation of the Comprehensive Document of Iran-China 25-Year Cooperation.

Rouhani said China has stood by the Iranian nation under hard conditions and the friendly relations is a precious asset which should be used for further expansion of bilateral relations.

He added that the two sides have full political determination to promote mutual relations and such a will should be manifested in other domains, economic sector in particular.

Rouhani said his country is ready to have necessary cooperation in compilation of the document so that it will soon be finalized and signed.

The Chinese president arrived in Tehran on Friday evening, 14 years after the then Chinese president Jiang Zemin visited the country.

During the visit, top Iranian and Chinese officials inked 17 agreements and documents on bilateral cooperation.