China And Iran Begin Implementation On Strategic Deal

China reasserts its objections to unilateral sanctions by the US against Iran because the Chinese and Iranian foreign ministers have announced the launch of a twenty-five-year cooperation agreement aiming at building strong financial and political ties. As per the deal, economic and political cooperation would be strengthened between the two countries.

Foreign Minister of China Mr. Wang Yi also supported efforts to revive a 2015 nuclear deal between Iran and major world powers, in a meeting on Friday in the city of Wuxi, in Jiangsu province. China is Iran’s major trade partner and was one of the largest consumers of its oil before global unilateral sanctions were reimposed in 2018 by former US President Donald Trump.

China has stopped importing oil from Iran officially, however as per analysts crude oil from Iran continues to enter China under disguise as imports from different countries.

Beijing Criticize US sanctions on Tehran.

Mr. Wang stated that the United States is mainly responsible for the current problems with Iran, by unilaterally withdrawing from a 2015 nuclear deal between the major world powers and Iran.

According to the terms of that deal, Iran would limit its uranium enrichment activities in return for the removal of international sanctions, which will make it harder for Iran to develop nuclear arms — even though Tehran denies any plans for having nuclear weapons.

Wang stated that China might firmly support resuming the negotiations on a nuclear deal. But he stated that China is firmly against the unilateral sanctions on Iran, political manipulating it through topics, which include human rights, and involvment in the internal affairs of Iran and other countries of the region.

The sanctions reimposed by the US are very badly damaging the economy of Iran, after the US withdraws from the nuclear deal in 2018, stating that the imposed conditions are not sufficient to minimize the nuclear activities of Iran, its ballistic missile program, and regional interference. 

Iran and China, both are facing sanctions from the United States, signed the twenty-five-year cooperation agreement in March, which includes Iran in China’s Belt and Road Initiative with multi-trillion-dollar infrastructure projects planned to extend from East Asia to Europe.

The project is aimed to notably develop China’s economic and political influence, which has raised the concerns of the United States and others. The Chinese foreign ministry stated that the agreement would strengthen Sino-Iranian cooperation in areas, which includes energy, infrastructure, agriculture, health care, and culture, in addition to cyber security and cooperation with other nations.

Some information of the secret settlement had been published, however, in 2020 New York Times had reported that it might also include regular crude oil supply to China from Iran, mentioning a draft of the deal leaked to the paper.

Iran and the United States stay locked in talks over whether a compromise can be reached to resume the nuclear deal and dismiss the fears of a large-scale Middle East War.

Mr. Wang, this week met with many Gulf Arab country's counterparts, who showed their concerns about the possible threat from Iran. He also stated that China hopes to build a dialogue mechanism with Gulf nations to address the issues of regional security. Beijing has desired to strengthen ties with Tehran. Chinese President Xi Jinping on his visit to the country in 2016, described Iran as a major partner of China in the Middle East.