SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China defends business ties with Iran
Published in Daily News Egypt on 05 - 08 - 2010

BEIJING: China has defended its business dealings with Iran after a senior US official called on Beijing to follow UN sanctions against the Islamic republic to the letter.
The statement from a Chinese foreign ministry spokeswoman published in state media Thursday also came after a senior US lawmaker called for sanctions to be imposed on Beijing over its major investments in Tehran's energy sector.
"China's trade with Iran is normal business exchange, which will not harm the interests of other countries and the international community," the spokeswoman, Jiang Yu, was quoted as saying by the China Daily.
"As a permanent member of the UN Security Council, China has always observed the council's resolutions."
In June, the UN Security Council imposed a fourth set of sanctions on Iran over its disputed nuclear drive, which the West and Israel say is a covert weapons drive, and especially over its refusal to freeze uranium enrichment.
China, which wields a veto on the council, backed the UN measures, but it has since voiced opposition to further unilateral sanctions imposed by the United States and the European Union, instead calling for more negotiations.
On Monday, Robert Einhorn, the US State Department's special adviser for non-proliferation and arms control, appealed to China to fully back sanctions on both Iran and North Korea, also suspected of developing nuclear weapons.
"We want China to be a responsible stakeholder in the international system," Einhorn said during a visit to Seoul.
"That means cooperating with the UN Security Council resolutions and it means not backfilling or not taking advantage of responsible self-restraint of other countries."
A US embassy spokesman in Beijing said Einhorn was not expected in China this week, but could visit later this month.
Also on Monday, US lawmaker Ileana Ros-Lehtinen -- the top Republican on the House Foreign Affairs Committee -- said investments by Chinese state-run firms in Iran's energy sector were "effectively bankrolling" its nuclear program.
Ros-Lehtinen did not offer details, but US officials have noted that Chinese firms have been stepping in to fill the void left by companies leaving Iran because of UN and US sanctions.
"It's time to implement our sanctions laws and demonstrate to Russia and China that there are consequences for abetting Tehran and flouting US sanctions," she said in a statement.
"Russia and China appear determined to continue to facilitate Iran's dangerous policies. This must not be allowed to continue without serious repercussions."
China has emerged as Iran's closest trading partner and has major energy interests in the Islamic republic.
China is investing 40 billion dollars in Iran's oil and gas industry, the Islamic republic's deputy oil minister Hossein Noqrehkar Shirazi said Saturday. Iranian Oil Minister Massoud Mirkazemi is due in Beijing this week.


Clic here to read the story from its source.