Iran, India discuss removing trade barriers, expanding ties

May 8, 2021 - 13:13

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

As reported by the TPO portal, during the meeting 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.

Speaking in the meeting, Zadboum stressed the need to remove barriers to mutual trade and find new ways to develop trade relations between the two countries.

The official noted that the two sides should resume discussion on the preferential trade agreement and exchange the list of commodities that are going to be included in this agreement. He also noted that the necessary measures 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 work on the raised issues and implement them as soon as possible.

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

At the end of the meeting, the two sides stressed the two countries' determination to develop and improve economic and trade relations and agreed to discuss and implement the issues through video conferencing, to prepare the condition for face-to-face meetings after the pandemic is over.

India is the only foreign country that is currently participating in a major development project in Iran despite the U.S. 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 harbor cranes in Shahid Beheshti Port in Chabahar.

The strategic port in southeastern Iran is the only ocean port on the Makran coast and it has a special place in the country's economic affairs.

EF/MA

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