In terms of energy (both fossil-based and green), geopolitics, geoeconomics, trade, finance, health and digital security, and media and soft power, China’s influence in the region has been growing in the past two decades.
The situation of the foreign exchange reserves is predicted to worsen along with other economic indicators in Iran, where the sanctions have imposed critical challenges.
The expectations of the industrial sector, as a crucial dimension of the economy, are significant for the future terms in Iran which get closer to the election with the new year.
Although an agreement has been signed between Iran and China, there are several issues, including differences and similarities between the two countries, which raise many questions.
There is an upward trend in trade between the two countries in the first two months of 2021 compared to the same period of the previous year.
Joint Comprehensive Plan of Action (The JCPOA) should be understood in the geopolitical context of Obama’s Pivot to Asia. Obama’s Pivot to Asia was meant to contain China and reduce the American involvement in the MENA region.
While the minimum wage in Iran is about 2 million tomans, the average monthly cost of the laborers’ livelihood basket has reached about 10 million tomans.
The US’s new foreign policy towards Iran is not clear yet, but Turkish entrepreneurs have not been “the winners” of the US’s withdrawal from the JCPOA.