TEHRAN: Annual trade between Iran and China could reach US$38 billion by the end of the current Iranian calendar year ending March 20, 2014, said Iran-China Joint Chamber of Commerce chairman Asadollah Asgaroladi.
Bilateral trade stood at US$$27.5 billion in the first eight months of the current year (ending Nov 21), Iran's Mehr News Agency (MNA) reports Asgaroladi as saying this week.
The republic's non-oil exports to China exceeded US$4.5 billion in the first half of the current Iranian calendar year, and are expected to reach US$9 billion by year end.
Data from the Customs Administration Office shows Iran's trade balance with 96 countries was positive in the first eight months of 2013.
Asgaroladi said the development of the country's non-oil exports, expansion of joint ventures and enhancement of banking cooperation through purchasing shares in Chinese banks are the chamber's main objectives.
Bilateral trade stood at US$$27.5 billion in the first eight months of the current year (ending Nov 21), Iran's Mehr News Agency (MNA) reports Asgaroladi as saying this week.
The republic's non-oil exports to China exceeded US$4.5 billion in the first half of the current Iranian calendar year, and are expected to reach US$9 billion by year end.
Data from the Customs Administration Office shows Iran's trade balance with 96 countries was positive in the first eight months of 2013.
Asgaroladi said the development of the country's non-oil exports, expansion of joint ventures and enhancement of banking cooperation through purchasing shares in Chinese banks are the chamber's main objectives.
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