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China and Iran agree to increase trade to US$600 billion over 10 years

CHINA and Iran have agreed to increase trade to US$600 billion in the next 10 years, Iranian President Hassan Rouhani said on Saturday during a visit to Tehran by Chinese President Xi Jinping.

President Xi is the second leader of a UN Security Council member to visit Tehran after Russian President Vladimir Putin visit last November, reported Reuters. 



Iran emerged from years of economic isolation this month when the United Nations' nuclear watchdog ruled it had curbed its nuclear programme, clearing the way for the lifting of UN, US and European Union sanctions.



"Iran and China have agreed to increase trade to $600 billion in the next 10 years," President Rouhani said at a news conference with Xi broadcast live on state television.



"Iran and China have agreed on forming strategic relations (as) reflected in a 25-year comprehensive document," he said.
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