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Why the 25-Year China-Iran Strategic Cooperation Agreement isn’t a “big deal,” literally or figuratively.
By
April 06, 2021
Iranian Foreign Minister Mohammad Javad Zarif, right, and his Chinese counterpart Wang Yi, pose for photos after the ceremony of signing documents, in Tehran, Iran, Saturday, March 27, 2021.
Credit: AP Photo/Ebrahim Noroozi
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On March 26, Iran and China signed an agreement expressing a desire to increase cooperation and trade relations over the next 25 years. This Strategic Cooperation Agreement, as it is officially known, has been hailed as a massive overhaul of Sino-Iranian relations that will see China invest anywhere from $400 to $600 billion in Iran, with some estimates running as high as $800 billion.
China’s Foreign Minister Wang Yi and his counterpart from Iran, Mohammad Javad Zarif, sign a declaration of cooperation at the Ministry of Foreign Affairs of Iran on March 27, 20201. (Photo: Fars News Agency)
Editor’s note: On Saturday China and Iran announced a 25-year strategic cooperation agreement where Beijing said it could invest up to $400 billion in Iran, expanding its economic and military influence, although the agreement is not a binding deal and did not specify financial commitments. We are republishing the following article that was originally written last year in October when early details of the draft of the agreement were leaked.
US-Iran: The Rapprochement Gamble
22 febbraio 2021
The Rome MED This Week newsletter provides experts’ analyses and informed comments on the most significant issues and trends in the MENA region. Today, we turn the spotlight on the future of the JCPOA, after the Biden administration confirmed its availability to restart nuclear talks with Iran and the IAEA reached a compromise with Tehran to extend limited monitoring activities for up to three months.
A new window for diplomacy seems to be opening between the
United States and Iran. Washington has announced its availability to join a meeting of the P5+1, when and if the EU decides to convene one. The decision represents a clear departure from the previous U.S. administration’s confrontational approach towards Tehran and marks the first tangible step taken by President Joe Biden to deliver on his promise to rejoin the 2015