Iran, India Agree to Increase Trade Exchanges to $25bln

[Android]

TEHRAN (FNA)- Iranian and Indian economic officials agreed to increase the two countries' ties in different fieldsduring a week-long visit to India by a big Iranian trade delegation.

During the talks, the two sides agreed to increase their trade balance to $25 billion and to boost the level of non-oil trade from the current $4 billion to$10 billion.

The current trade balance between Tehran and New Delhi stands at $14 billion.

As regards results of the six-day visit to Mumbai and New Delhi by the Iranian delegation, Secretary-General of Tehran's Chamber of Commerce Mohammad Mehdi Rasekh said that an agreement was also signed according to which Iran can import some industrial items in the oil and gas sector from India.

Rasekh added that energy was one of the most important issues discussed by the two sides.

The Iranian side said that New Delhi has maintained its independence by refusing to surrender to Western pressures to cut ties with Tehran.

The Iranian delegation paid a reciprocal visit after an Indian team of businessmen visited Tehran in March to showcase their products. But in the subsequent follow-on meetings,both sides realized that it was not sustainable to depend on Indian exports alone which would be basically payment for Iranian oil that could not be sent through international financial channels. It was also necessary for Iranian businessmen to meet a wider cross section of Indian industry.

Earlier on Wednesday, India's Deputy National Security Advisor Latar Reddy in a meeting with Undersecretary of Iran's Supreme National Security Council (SNSC) Ali Baqeridescribed Iran as a stable and reliable source of energy supplies for her country.

"India assumes the Islamic Republic of Iran as its stable source of energy supply," Reddy said in Tehran
Fars News Agency :: Iran, India Agree to Increase Trade Exchanges to $25bln

 

[Raje amar]

India must continue its independant Forgian pollicy. its in the interest of India.

 

[r3alist]

Can't fault many moves by the Indians really.

It's becoming very clear that India has atleast some people who are thinking about the nations interest.

The Pakistanis on the other hand are doing a fine job of destroying the hopes and livelihood of their people.

 

[SOHEIL]

Good Move !

 

[ChennaiSKing]

Good for both the country...

 

[Dharmachakra]

WE Indians think that MAnmohan doesnt really have any balls, but in some cases he showed em where it needs the most.

Showing the middle finger to Hillary on her visit is one thing and increasing trade exchanges right after US request to cut-down the bilateral trade with Iran is hilarious and amazing.

As per our national policy , India only obeys and go by UN resolutions and not by some tom dick harry resolutions. Those tom dick and harry can go **** themselves or the least they can do is find some clown who keeps their mouth shut,even after mass killing their own citizens on a daily basis.

As the world economy is still fragile and todays Indian economy is not purely isolated by external influences,any decision taken on Iran has serious implications on our own economy.

There is no point on even scaling down the imports of oil and gas from Iran. Put economic interests at first position and others next. Go for preferential trade or barter trade with iran. Iran desperately needs non-petroleum items and heavy industrial stuff that we can export. ITs a win-win for both

 

[Boobytrap]

We had relations with Iran stretching over 1000 of years... this development is just continuity of the process..

 

[Varunastra]

 

[HZR2011]

Do we india,have trade defeciet with them?? How much?? if yes Any steps taken to reduce the trade defciet with Iran?

 

[KRAIT]

So much to India bowing under pressure of US....
Anyways...good news for India....

Can't fault many moves by the Indians really.

It's becoming very clear that India has atleast some people who are thinking about the nations interest.

The Pakistanis on the other hand are doing a fine job of destroying the hopes and livelihood of their people.

U r like ur name... a realist.

 

[acetophenol]

India's stand in the international arena is model to MANY.

Its always
India's
Interests first!

 

[Varunastra]

Do we india,have trade defeciet with them?? How much?? if yes Any steps taken to reduce the trade defciet with Iran?

Bid to strengthen Iran trade ties

“There is a huge demand for Indian agri products and pharmaceuticals in Iran. We need to focus on that market. It would also help in bridging India’s ballooning trade deficit,” Rafeeq Ahmed, president of the Federation of Indian Export Organisations, said .

 

[Chinese Century]

India's stand in the international arena is model to MANY.

Its always
India's
Interests first!

India is a colony of the US. India has no independent foreign policy.
US probably allowed India to trade in return for something else.

I'm pretty sure US wants a military base in India, India will give them.

 

[zer_0]

India is a colony of the US. India has no independent foreign policy.
US probably allowed India to trade in return for something else.

I'm pretty sure US wants a military base in India, India will give them.

 

[Big Boss]

Smiles reflects the warmness of friendship

Two ancient civilizations and friend