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Iran and China sign 25-year cooperation agreement

  • The long-term strategic agreement covers a range of activities, including oil and mining as well as transport and agriculture
  • The deal is the longest Tehran has signed with a major world power

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China's Foreign Minister Wang Yi bumps elbows with his Iranian counterpart Mohammad Javad Zarif. Photo: Reuters

Iran and China on Saturday signed a 25-year strategic cooperation agreement addressing economic issues amid crippling US sanctions on Iran, state TV reported.

The agreement dubbed the Comprehensive Strategic Partnership, covers a variety of economic activity from oil and mining to promoting industrial activity in Iran, as well as transport and agricultural collaborations, according to the report.

No additional details of the agreement were revealed as Iran’s Foreign Minister Mohammad Javad Zarif and Chinese counterpart Wang Yi took part in a ceremony marking the event.

The deal marked the first time Iran has signed such a lengthy agreement with a major world power. In 2001, Iran and Russia singed a 10-year cooperation agreement, mainly in the nuclear field, that was lengthened to 20 years through two five-year extensions.

Before the ceremony Saturday, Wang met Iranian President Hassan Rowhani and special Iranian envoy in charge of the deal Ali Larijani.

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