(MENAFN) There is approximately 120 Chinese firms operating and engaged in projects in Iran, which outlays the positive economic ties between the two nations.

Additionally, the prospective for joint cooperation surpasses the present level; thus the mutual trade could easily grow to USD60 billion, according to officials' statements.

For a long time, the Asian nation has considered Iran as a mineral-rich country with precious transit and strategic prominence and has highly-educated and talented people.

As sanctions are soon to be in the past, the two countries can confidently boost ties in oil and gas, strategic industries, scientific and cultural cooperation among other fields.