China and Iran agreement

With reference to the China and Iran agreement, consider the following statements:

1. It aims to wide-ranging partnership set to span areas including energy, security, infrastructure and communications.
2. China is Iran’s leading trade partner and was one of the biggest buyers of the country’s oil before then-U.S. president Donald Trump reimposed sweeping unilateral sanctions in 2018.

Which of the statements given above is/are correct?

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Answer: Both 1 and 2

Explanation: China would begin implementing a strategic agreement with Iran, strengthening economic and political cooperation between the two countries as Beijing blasted Washington’s sanctions on Tehran.

China and Iran signed the agreement last year after years of talks, with the wide-ranging partnership set to span areas including energy, security, infrastructure and communications.

Chinese Foreign Minister Wang Yi and Iranian counterpart Hossein Amir-Abdollahian announced the start of the partnership’s implementation at a meeting in east China’s Wuxi.

Few details of the secretive deal have been published, but the New York Times reported in 2020 that it would secure a regular supply of oil for China.

China is Iran’s leading trade partner and was one of the biggest buyers of the country’s oil before then-U.S. president Donald Trump reimposed sweeping unilateral sanctions in 2018.

China has officially stopped importing oil from Iran, but analysts say Iranian crude is continuing to enter the country disguised as imports from other countries.

Beijing has long sought to boost ties with Tehran, with Chinese president Xi Jinping describing Iran as “China’s major partner in the Middle East” on a rare visit to the country in 2016.

Vienna talks

Mr. Wang and Mr. Amir-Abdollahian’s meeting comes as talks continue in Vienna over a potential deal to halt Tehran’s development of nuclear weapons.

A 2015 deal — agreed by Iran, the U.S., China, Russia, Britain, France and Germany — offered Tehran sanctions relief in exchange for curbs on its nuclear programme.

But the U.S. withdrew from the agreement in 2018, reimposing biting sanctions and prompting Tehran to begin rolling back on its commitments.

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