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Further economic cooperation proposed between China and Iran on SCO
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18:01, June 17, 2009

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Chinese President Hu Jintao on Tuesday met with his Iranian counterpart Mahmoud Ahmadinejad on June 19, 2009 and called for enhanced cooperation in the face of new challenges and opportunities.

Both leaders are here for the annual summit of the Shanghai Cooperation Organization (SCO). Iran is one of the SCO's observer nations.

The Chinese leader noted that the success of the 13th meeting of the bilateral joint committee on economy, trade, science and technology had created better conditions for further growth of economic and trade cooperation.

China has been satisfied with the bilateral economic and trade achievements in the recent times, Hu said.

In recent years, the trade between China and Iran has increased by 30% year-on-year. The total value of bilateral trade in 2008 reached 27.6 billion U.S. dollars, an increase of 34%.

President Hu made four proposals to promote bilateral cooperation.

First, the two countries should keep high-level contacts, enhance mutual understanding and expand consensus.

Second, they should continue to push forward bilateral economic and trade cooperation, particularly on energy.

Third, they should to maintain communications to cope with the international financial crisis and safeguard the common interests of developing countries.

Fourth, both sides should expand cultural exchanges so as to deepen friendship forged in the long past.

Echoing Hu's proposals, Ahmadinejad said the two leaders had mapped out a bilateral cooperation blueprint during their meeting in Beijing last year.

Bilateral cooperation in various fields, economy in particular, has seen rapid progress, he said, describing it as conducive not only to both countries, but also to the world at large.

The Iranian president also expressed hope that the two sides would view their long-term economic and trade cooperation from a strategic perspective, implement the consensus between the two sides, expand exchanges, and turn challenges into opportunities in pursuit of a higher level of bilateral cooperation.

By People's Daily Online

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