News ID: 302873
Published: 0228 GMT May 08, 2021

Tehran, New Delhi discuss expansion of trade ties

Tehran, New Delhi discuss expansion of trade ties

Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum held an online meeting with Indian Ambassador to Tehran Gaddam Dharmendra to discuss removing barriers and expansion of trade ties.

The two sides expressed dissatisfaction with the current levels of trade between the two countries and called for serious measures to be taken for reviving the mutual economic exchanges, according to Mehr News Agency.

Zadboum stressed the need to remove barriers to mutual trade and find new ways to develop commercial relations between the two countries.

He said the two sides should resume talks on the preferential trade agreement and exchange the list of commodities that will be included in the agreement.

The necessary measures, he added, should be taken to bring back petrochemical, industrial, and steel commodities into the basket of Iranian exports to India.

In this regard, the two sides agreed to follow up the issues discussed and implement them as soon as possible.

They also decided to make necessary coordination for officials of health, customs and standards organizations of the two countries to meet through videoconferences in near future to resolve problems and enhance mutual cooperation.

The two sides stressed their countries' determination to develop and improve economic and trade relations and agreed to discuss them through videoconference calls, to prepare the condition for face-to-face meetings after the pandemic is over.

India is participating in a major development project in Iran despite the US sanctions.

The Chabahar port development project is the anchor for the expansion of economic relations between the two nations.

India is going to install and operate modern loading and unloading equipment including mobile cranes in Shahid Beheshti Port in Chabahar.

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