Iran seeks to triple China trade to $100 billion

Published July 16, 2011

| Associated Press

Iran's official news agency IRNA says President Mahmoud Ahmadinejad has called for a quick increase in trade with China to $100 billion a year.

The news agency says current trade between the two countries is worth about $30 billion.

Iran turned to China after the West imposed economic sanctions over Tehran's suspected nuclear weapons program. Iran says it's nuclear program has a strictly peaceful purpose.

Ahmadinejad spoke after a meeting Saturday with He Guoqiang, a senior executive of the Chinese Communist Party. The Iranian president says he hopes the new trade goal will be reached quickly, but did not give a time frame.

IRNA says the two countries signed agreements worth $4 billion in mining, energy and other areas.

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