Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.
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All tagged Belt and Road
Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.
◢ A recent report from the London-based publication Petroleum Economist offers a cautionary tale of “fake news.” The claim that China will extend a $400 billion credit line to Iran is poorly sourced and inconsistent with both recent trends in China-Iran trade and the scope of China’s Belt and Road Initiative.
◢ Last week, Iran’s economic minister was in Beijing for talks on bilateral trade and investment. An official readout of the discussions from China’s commerce ministry describes China and Iran as “comprehensive strategic partners.” Unfortunately for Iran, the data tells a different story from the official rhetoric.
◢ On the third anniversary of the implementation of the Joint Comprehensive Plan of Action (JCPOA) and the fortieth anniversary of the Islamic Republic, the era of hope ushered in by the election of Hassan Rouhani and the implementation of the nuclear deal seems a lifetime ago. Iran remains in compliance with the agreement, but begrudgingly. Europe looks impotent in the face of U.S. sanctions. But Iran’s economic war isn't just a fight against sanctions. Iran is the frontline of an intensifying economic war between the US, Europe, China, and Russia.
