Iran–China 25-Year Cooperation Program

On 27th March, 2021, Iran and China on Saturday signed a 25-year strategic cooperation agreement addressing economic issues amid crippling US sanctions on Iran.

  • The deal marked the first time Iran has signed such a lengthy agreement with a major world power.
  • In 2001, Iran and Russia singed a 10-year cooperation agreement, mainly in the nuclear field, that was lengthened to 20 years through two five-year extensions.

Background

  • The partnership was first proposed by China’s leader, Xi Jinping, during a visit to Iran in 2016.
  • The draft agreement was signed on 24 June 2020 in Beijing

Reason for the Pact

  • The agreement ....
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