A train loaded with more than 560 tonnes of machinery, household goods and ceramics left Yinchuan South Railway Station earlier this month, scheduled to reach Tehran in fifteen days, the Asset reports.
The new trade route comes with the lifting of sanctions as part of the nuclear deal, breathing new life into Iran’s economy. Big trade and investment deals have been signed since the agreement, and despite the Trump administration’s threats to backtrack on the deal, China, Russia and France are unlikely to take steps to further isolate Iran.
Deals include a contract signed between Iran and China National Petroleum Corp and French oil company Total for the development of the world’s largest natural gas field.
This is great news. I fear US will sabotage it though? If Israel got a big cut it can work. Jobs and development is not what US-Israel want for Middle East unless they get big cut
Significant development, all the more important as China is investing both in Iran and Israel- promote economic ties boost strategic ties; what does it mean for any peace process in the Middle East?