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Clothing & denim at Canton Fair lures Iranian traders

10
May '07
About 5,000 clients from Iran attended the recently concluded 101-Canton Fair. Currently, there are 51 different Chinese enterprises have invested in Iran.

Established in 2003, the Iran Chamber has played an important role in information transmission of bilateral trade opportunities between Sino-Iranian industries, which has promoted more than 6,000 Iranian enterprises to conclude ventures with Chinese. Many Iranian dealers directly invest or come to China for business.

Several trading companies source Chinese textiles, apparel fabrics regularly from Yangtze and Pearl River Delta regions. During this trade fair clothing players were impressed by women's jeans and procured significant quantity of them.

Sino-Iranian trade began in 1950. Iran is China's second largest trading partner in West Asia and North Africa region and world's third-largest crude oil supplier.

In 2006, bilateral trade volume was US $14.45 billion, of which China's exports reached $4.49 billion, imports hit $9.96 billion, presenting an increase of 43.3 percent, 36.2 percent, and 46.7 percent, respectively. China imported 16.7722 million tons of crude oil from Iraq.

Fibre2Fashion, News Desk - China


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