Iran, China bank ink trade development deal
TEHRAN, August 18, 2016
Iran has signed an agreement with China Development Bank (CDB) aimed at providing funds for economic projects, with focus on infrastructure, a report said.
According to the pact, the Chinese bank will allocate a maximum of €15 billion to implement projects which are approved, added the Iran Daily report, which cited Irna.
The two sides also agreed to finalize the agreement and implement it within three months, the report said.