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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3941)	12/22/2004 11:57:16 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

rade between Iran-China growing Wednesday, December 22, 2004 - ©2004 IranMania.com LONDON, Dec 22 (IranMania) - Chinese ambassador to Tehran said on Tuesday that trade between the two countries would increase from the current $7 bln to $10 bln per annum in the next few years, stressing that the populous country's huge oil imports from Iran is indicative of growing two-way cooperation. Lio G. Tan told ILNA that Beijing expects trade with Tehran to reach $20 bln in the not too distant future, blaming opportunists for tarnishing the image of Chinese goods in Iranian markets. "When Iranian businesspersons purchase inexpensive goods from China, they must sell them on Iranian markets at logical prices," he said, adding that Iranian consumers would suffer from purchasing Chinese goods at higher prices. Rejecting speculations that the Chinese government renders all-out support to its production and export sectors, the diplomat said Beijing only pays export incentives to businesses. He said China's non-oil imports from Iran have exceeded one billion dollars this year, adding that the country imports mainly dried fruits, chemicals and steel from the Islamic Republic. Tan called on Iranian merchants not to buy low-quality products from China. He did not explain why the Chinese government supports production of substandard goods. Earlier, a senior economic official said China has imposed import tariffs on Iranian goods despite its membership in the World Trade Organization (WTO). According to Mowj news agency, Seyyed Alinaqi Khamoushi, who heads Iran's Chamber of Commerce, Industries and Mines (ICCIM), told the extraordinary meeting of Iran-China Joint Chamber of Commerce that Iranian businesses have to export their products to China via Hong Kong to avoid duties. iranmania.com