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Trade between Iran, China dives 18% after sanctions: report

Trade between Iran and China dropped by 18 percent in 2012 to $37 billion after a raft of banking sanctions imposed on the Islamic republic, Iranian newspaper Donya-e Eqtesad reported on Monday. "Iran-China trade fell to $37 billion in 2012 from $45 billion in 2011," the newspaper quoted Assadollah Asgaroladi, director of the Sino-Iranian Chamber of Commerce, as saying. "Iranian exporters and importers who are seeking increase in trade volume are facing banking problems."
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