Defying the US, China, and Iran near trade and military partnership.
#GS2 #International relations
Why in news?
Iran and China have quietly drafted a sweeping economic and security partnership that would clear the way for billions of dollars of Chinese investments in energy and other sectors, undercutting the Donald Trump administration’s efforts to isolate the Iranian government because of its nuclear and military ambitions.
Chinese presence will be in banking, telecommunications, ports, railways and dozens of other projects.
China will be receiving a regular and heavily discounted supply of Iranian oil over the next 25 years.
Joint military training
The document also describes deepening military cooperation, potentially giving China a foothold in a region that has been a strategic preoccupation of the United States for decades.
It calls for:
- joint training and exercises
- joint research and weapons development
- intelligence sharing.
Source: The Hindu