News ID: 301951
Published: 0324 GMT April 07, 2021

No need to approve Iran-China deal in Parliament: Minister

No need to approve Iran-China deal in Parliament: Minister

Iran’s finance minister said an economic partnership agreement signed with China last month would be effective without any need to win the approval of the Iranian Parliament.

Farhad Dejpassand said that the comprehensive strategic partnership between Iran and China is a broad document that sets out a framework for cooperation between private sectors of the two countries for the next 25 years, Press TV reported.

It is a strategic document focused on cooperation between the two countriesprivate sectors and does not need the approval of the Islamic Consultative Assembly,” said Dejpassand.

The minister said, however, that any specific contract signed within the framework of the Iran-China deal that could affect relations between the two governments would need to obtain the Parliament endorsement before it goes into effect.

He said implementing the current document without the approval of the Parliament would not be a violation of articles 77 and 125 of the Iranian Constitution.

We have explained (to the Parliament) that this document does qualify as a contract or a convention and is merely a document that sets out the size of interactions between the two countries,” said the minister.

After some five years of negotiations, foreign ministers of Iran and China signed off on the economic partnership agreement in Tehran on March 27.

China has committed to over $400 billion worth of investment in Irans energy and infrastructure sectors under the deal. Iran, in return, would guarantee to provide a stable supply of crude and energy products to China over the period of the agreement.

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