Qeshm Island to Facilitate Investment by Chinese Firms

TEHRAN (Iran News) He made the comment in a meeting with Chinese Ambassador to Iran Chang Hua in Qeshm.

Fathollahi said that Qeshm Island has a special geopolitical position and possesses various economic capabilities, which make it a good place for investment by foreign companies including Chinese firms.

The official referred to the opening of the Chinese consulate general in Bandar Abbas, the capital of Hormuzgan Province where Qeshm Island is located.

He said that the opening of the diplomatic mission helps bring economic benefits for Hormuzgan as well as Qeshm, with the island being capable of hosting an independent office to offer services to Chinese investors as it can apply regulations exclusive to free zones.

He noted that currently China is the only country which has signed a 25-year agreement for cooperation and this shows the special view of the system to this country which has been emphasized by the Supreme Leader.

The ambassador, on his part, said that the Chinese Embassy will put on its agenda plans to increase economic cooperation between the two countries.

He also said that China condemns Western sanctions against Iran, stressing that Tehran-Beijing relations will continue regardless of the fate of the negotiations aimed at reviving the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

He then pointed to the 25-year agreement on cooperation between Iran and China as well as sisterhood MoU which has been signed between Qeshm Island and Guangzhou of China which is aimed at broadening economic cooperation between the two states.

Chang reiterated that China is determined to pursue this seriously and China’s Embassy in Tehran pursues implementation of agreements and it is expected after the COVID pandemic in China slows down, the condition is provided for the meeting of manager of Qeshm Free Zone Organization with his Chinese counterpart.

He also reiterated that China condemns the U.S. and West’s sanctions against Iran and emphasized that the ties between Iran and China will continue regardless of the fate of the JCPOA talks and expressed hope the condition is facilitated for the presence of Chinese investors and companies on Qeshm Island.