IRAN - China Signs 25-Year Strategic Deal

Arno Froese

Iran and China signed a 25-year strategic cooperation agreement addressing economic issues amid crippling US sanctions on Tehran, according to Iranian state media. 

The agreement, dubbed the Comprehensive Strategic Partnership, covers a variety of economic activity from oil and mining to promoting industrial activity in Iran, as well as transportation and agricultural collaborations, according to the report. 

The New York Times reported that China will invest some $400 billion in Iran in exchange for oil as part of the deal. The two countries will also step up military cooperation with joint training, research and intelligence sharing, the report said. 

The deal signed could undermine US leverage over Iran ahead of expected negotiations and lessen American influence in the Middle East. Ongoing US sanctions against Iran could hamper its trade with China despite [the] agreement, however. 

The Times report said Iran was prepared to host direct talks between Israel and the Palestinians, further suggesting that US influence in the region could be waning. 

Xi and his Iranian counterpart Hassan Rouhani agreed then to establish a roadmap for “reciprocal investments in the fields of transport, ports, energy, industry and services.”

The deal with China marked the first time Iran has signed such a lengthy agreement with a major world power. In 2001, Iran and Russia signed a 10-year cooperation agreement, mainly in the nuclear field, that was lengthened to 20 years through two five-year extensions.

-www.timesofisrael.com, 27 March 2021

Arno's Commentary

While Iran is extremely religious, China officially rejects all religions. Quite apparently, that does not matter when it comes to merchandising. What counts in today’s world is investments, communication, transportation, energy, and industry. That seems to be the key for unifying diverse nations, cultures, and religions. 

When we read Revelation 18, we note that the people of the world bemoan the loss of merchandise. Verse 12 and 13 enumerate 28 items of merchandise, and verse 15 reads: “The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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