Islamabad -Experts speaking at an international webinar on Saturday termed the China-Iran new cooperation framework a historic milestone to further strengthen the Chinese influence in the region and Middle East. It will not only extend the Chinese market for trade and economic growth but also be feared to disturb the balance of power in the MENA region. The $400 billion financial cooperation will help Iran to dilute its isolation and enhance trade ties with China and Middle East countries. At a time when Iran is struggling with the US sponsored restrictions and the devastating impact of Covid-19, this development is a welcome relief. The panelists also questioned if this deal would lead to a win-win situation for all. Beijing has not only secured an alternative access to hydrocarbons but has also further strengthened its influence across the Indian Ocean. This deal might come as a surprise for many given the Indian investments in Iran. China has nurtured friendly bilateral relations with Iran over the decade and have signed over 17 agreements worth USD 18-20 billion and promised to increase trade relations between the two countries in the next 10 years to US$ 600 billion. Development Communications Network organised the webinar on the theme “China-Iran new framework of cooperation – prospects for regional security and economic growth.”