Xi Jinping, the President of China, arrived in Tehran on Friday evening, February 21, on an official visit. A high-level political and economic delegation accompanies President Xi during this trip. He is visiting Tehran at the official invitation of Hassan Rouhani, his Iranian counterpart. The Islamic Republic News Agency (IRNA) has reported that Xi Jinping's visit to Iran will last for two days. Mohammad Javad Zarif, Iran's Foreign Minister, welcomed the Chinese President at Mehrabad Airport. IRNA reported that the volume of trade between Iran and China was approximately $52 billion in 2014, but this figure declined in 2015 due to falling oil prices. In 2014, Iran exported nearly 519,000 barrels of oil to China, which increased to 542,000 barrels in 2015. Additionally, 17% of Iran's non-oil goods are exported to China, a figure that increased last year. In 2014, China accounted for 36% of Iran's total foreign trade. In this context, the Chinese President is on his way to Iran to sign 17 cooperation documents, competing from Mercedes-Benz to Volkswagen for entry into the Iranian market.
Chinese President Arrives in Tehran
Chinese President Xi Jinping has arrived in Tehran for a two-day official visit at the invitation of Iranian President Hassan Rouhani. This visit is significant as it includes discussions on trade and cooperation, particularly in the automotive sector, amidst fluctuating trade volumes between the two nations.
👥 Key Players
📰 What Happened
Chinese President Xi Jinping arrived in Tehran for a two-day official visit to discuss trade and cooperation, particularly in the automotive sector, alongside a high-level delegation.
- Xi Jinping's visit includes the signing of 17 cooperation documents.
- Trade between Iran and China was approximately $52 billion in 2014, with significant fluctuations since then.
💡 Why It Matters
📚 Background
Iran and China have historically maintained a strategic partnership, particularly in trade and energy, which has become increasingly important amid international sanctions on Iran.
🏷️ Entities Mentioned
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