CHINA IRAN PACT

Subject : International Relations

Context : China and Iran signed what was described as a 25-year “strategic cooperation pact”.

Concept :

While details of the new 25-year pact were not immediately available, it includes “political, strategic and economic” components.
This document can be very effective in deepening relations and would establish a blueprint for “reciprocal investments in the fields of transport, ports, energy, industry and services”.

Background: Nuclear Deal and Sanctions

The agreement comes amid a major push from China to back Iran, which counts on Beijing, its largest trading partner, as it deals with the continuing weight of sanctions re-instated following then U.S. President Donald Trump’s decision to withdraw from the Iranian nuclear deal.
Earlier this week, China and Russia called for the U.S. to “unconditionally return to the Joint Comprehensive Plan of Action (JCPOA) as soon as possible and revoke the unilateral sanctions against Iran”.
In this context, they proposed “the establishment of a regional security dialogue platform to converge a new consensus on resolving the security concerns of countries in the region”.