The imposed pressure of the U.S. over China to refuse trade negotiations with Iran is underway as most Iranians businessmen are complaining of delayed importation of goods caused by Beijing’s restrictions on business activities.
A Tehran businessman even complained of having a hard time to have credit loans on China banks unlike before.
In response to this, the Iran-China Chamber of Commerce will be discussing the issue directly with Beijing’s banking officials to check what is happening in the current transactions.
China is being considered by Iran as its largest business partner. When situations get worse of Beijing reducing its trading negotiations with Tehran, Iran will truly suffer the most setbacks.
Reports claimed Chinese bankers are not so comfortable negotiating directly with the Iranians. Some are continuing their business transactions through Dubai as an entry point so that they will not be affiliated with the clashing issues with the U.S. versus Iran.
But in some big exports like oil, petrochemicals and minerals, the trading between China and Iran seems unaffected.
Tightening of the credit transaction of China to Iran was an offshoot after the U.S. Treasury Undersecretary Stuart Levey visited Beijing. Sec. Levey is in-charge for terrorism and financial intelligence negotiations of Washington.
Based on reports, Mr. Levey urged the Chinese bank officials to thwart continuing business with Iran as there are also efforts to stop European organizations to transact with Iran. Greater sanctions were being given by other countries on Iran.
Beijing was also warned of possible conspiracy of Iran using fronts to get aid from wealthy nations to survive in their daily struggles.
FT.com
