Iran and China agree to $A859 billion trade they come

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Iran and China have agreed to expand bilateral ties and increase trade to $US600 billion ($A859 billion) in the next 10 years, President Hassan Rouhani has said during a visit to Tehran by Chinese President Xi Jinping.

Xi is the second leader of a UN Security Council member to visit Tehran after the nuclear deal Iran struck with world powers last year. Russian President Vladimir Putin visited Tehran in November.

Iran emerged from years of economic isolation this month when the United Nations’ nuclear watchdog ruled it had curbed its nuclear program, clearing the way for the lifting of UN, US, and European Union sanctions.

“Iran and China have agreed to increase trade to $US600 billion in the next 10 years,” Rouhani said at a news conference with Xi broadcast live on state television on Saturday.

“Iran and China have agreed on forming strategic relations (as) reflected in a…

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