Karafarin Bank attended the 3rd conference on commercial and investment opportunities in Iran and China

Karafarin Bank attended the 3rd conference on commercial and investment opportunities in Iran and China, held on January 30th and 31st, 2018.
According to Karafarin Bank Public Relations Department, the objective of this conference which was held in the international hall of Iran Chamber of Commerce, Industries, Mines and Agriculture, was to establish trade relations and to form networks among Iranian and Chinese businessmen and investors.
This two-day conference was attended by Askar Ouladi, the head of Iran and China Chamber of Commerce, Mohammad Khazayee, the head of Investment Organization and Gholamhossein Shafeyee, the head of Iran Chamber of Commerce, Pang Sen, the Chinese ambassador in Iran and some businessmen.
Whilst outlining the Iranian Chinese trade environment, Askar Ouladi explained that trade volume between the two countries was close to USD40 billion in 2017 and this figure would reach USD50 billion in 2018.
Mohammad Khazaei, remarked that Chinese corporations have invested over USD2, 300 million in Iran during the last four years and stated: ‘About USD11 billion’s worth of Iranian projects have been referred to China for finance and that the presence of Chinese corporations in Iran is an indication government determination to attract partners.
In this conference, the banking conditions of the two countries for obtaining L/Cs and the willingness of Chinese companies to engage in partnership with Iranian EPCF projects were reviewed.
This conference also reviewed and analyzed the opportunities arising from the Revival of Silk Road Mega Project, investments in the countries such as Iran which are situated on the Silk Road, investment opportunities offered by the Asian Infrastructure Investment Bank (AIIB) to finance Iranian businesses, investment opportunities for Chinese knowledge-based organizations as well as startups and manufacturing common products for export to other countries.