Majid Reza Hariri said that the two countries are complementary in economic exchanges and today, the country needs sustainable financing and participating in all-out exchanges.

Conclusion of a 25-Year Cooperation Document with the People’s Republic of China can materialize the said objective, he stressed, according to IRNA.

The signing of this cooperation agreement between Iran and China is bilateral, he said, adding, “on the one hand, China wants the energy that the Islamic Republic of Iran is able to supply and Iran can take advantage of Chinese technologies on the other hand.”

Cooperating in the field of transferring energies like oil, gas, petrochemical, and mines constitutes the main framework of Iran’s economic agreement with China in the short- and long-term, he said, adding, “presently, about 70% of oil, mineral and nonmetallic products, as well as 27 percent of non-oil exports of the country, is traded with China without this agreement.”

Elsewhere in his remarks, Hariri pointed to China as Iran’s first trade partner in the field of exports and added, “Iran’s current economic situation needs the development of infrastructures and China can help Iran in this field greatly, for, China is the largest buyer of reserves in most mineral and energy products in the world.”

He pointed to a negative wave of media hype and positions of Western countries and the United States on the signing of a 25-year agreement between Iran and China and said, “these oppositions indicate that signing this agreement will be in Iran’s favor.”

Reiterating that under the framework of the cooperation plan document Iran will not hand over even one square centimeter of the Iranian soil or exclusive exploitation of it to China or any other country, Zarif said that the two sides are holding negotiations.

“At this point in time, the required permissions are needed to be received only from the government and the Iranian foreign ministry has already received the needed permission from the incumbent administration,” Zarif said.

“When we finalize the document with China, we need to submit it to Iran’s Parliament if any legal commitments are included in the finalized plan,” Iranian FM explained, “In another case, the administration needs Parliament’s approval when it presents the plan in form of several governmental bills to the Iranian body.”

Zarif underscored that no related issue will be hidden from the Iranian Parliament in this regard.

The Iranian FM had earlier described the rumors over the sale of Kish Island to China due to the intentions of the enemies to prevent the development of Iran-China relations.

He said that the Islamic Republic of Iran’s relations with China is a strategic relationship based on common interests and mutual respect.

Explaining the dimensions of the document, the Foreign Minister stressed the importance of taking into account the national interest in drafting the document and rejected rumors over the sale of Kish Island, as well as the sale of cheap oil to China, saying that these rumors have been circulated by enemies to prevent the development of Iran-China relations.