China Iran Agreements

Indeed, after the signing of the JCPOA in July 2015, China and Iran agreed to expand trade relations to $600 billion by January 2016, when Xi Jinping paid a state visit to Hassan Rouhani. [13] This represents an increase of more than 1,000%. [14] The agreement corresponded to the “One Belt, One Road” framework. A total of 17 agreements have been signed, including one on Iran`s nuclear program. The Chinese will help connect Tehran to Maschhad through their high-speed rail technology. [15] Subsequent studies revealed that China was selling Iranian precursor and dual-use chemicals, as well as the technology and equipment needed for this purpose. [18] In 1996, the Washington Post reported that China was supplying Iran with chemical weapons facilities for the military. Arms exports began to decline steadily in the 1990s, but China participated in $400 million worth of arms transfer agreements with Iran. Revenue increased from 1997 to 2000 to $600 million. On average, china is estimated to have earned $171 million a year in arms exports to Iran since 1982. [43] Part of this utility comes from Tehran`s hostility to Washington, he adds.

Rising tensions between the U.S. and Iran could engage U.S. military equipment in Persian Gulf waters and extract resources from the Western Pacific, where China is trying to establish maritime dominance. In addition, differences of opinion on how to approach Iran`s nuclear program are driving a rift between the UNITED STATES and its allies — a blessing for China, whose investment-centric foreign policy relies more on bilateral partnerships than broader alliances. In recent months, Iran has been working with China on a long-term comprehensive political, economic and security agreement that would invest billions in the Iranian economy. It is also pursuing a long-term partnership with Russia. Tehran`s policymakers see the agreements as a necessary way to combat US hegemony and hostility. In July 2019, UN ambassadors from 50 countries, including Iran, signed a joint letter to the HRC defending China`s treatment of Uighurs and other Muslim minorities in the Xinjiang region. [56] [57] The U.S.

campaign against a major Chinese telecommunications company, Huawei, involves criminal proceedings against its chief financial officer, Meng Wanzhou, who tried to conceal investments in Iran to circumvent U.S. sanctions. The Trump administration has ruled out Huawei from participating in the development of 5G in the United States and has tried without much success to convince other countries to do the same. For China, the pact can help ensure its energy security. The Persian Gulf provides more than half of China`s energy needs. Therefore, ensuring freedom of navigation across the Persian Gulf is of great importance to China. Saudi Arabia, a narrow American Ally has now become China`s largest supplier of crude oil, with Chinese imports from the kingdom set a new record of 2.16 million barrels per day in May. This dependence is contrary to China`s general policy of diversifying its energy sources and not depending on a supplier. . . .