E Pluribus Unum - Out of Many, One

“Iran has long pursued a policy of maintaining balanced and friendly relations with all Eurasian and Asian powers. Our potential long-term cooperation agreements with China and Russia and our continued collaboration with India in Chabahar prove this. We are determined to put an end to this policy,” he said in a tweet. Article 5 Each government takes into account proposals that can be made from time to time by the other government with regard to the development and expansion of trade between the two countries. The search for an appropriate payment mechanism in the wake of U.S. sanctions remains a major problem for bilateral trade between India and Iran. On May 22, 2016, Prime Minister Narendra Modi made an official visit to Iran. [16] The visit focused on connectivity and bilateral infrastructure, an energy partnership and trade. [17] Work is underway on the Chabahar-Milak-Zaranj-Delaram line linking Iran to Afghanistan. Iran, with the help of India, built the Chabahar-Milak road and built a bridge on the road to Zaranj. India`s BRO moves the 213 km-long Zaranj-Delaram road. It is part of India`s $750 million aid plan for Afghanistan.

The Chabahar port project is an opportunity for Iran to end the economic isolation it promotes by the United States and to take advantage of the recovery of the Indian economy. Along with Bandar Abbas, Chabahar is the Iranian warehouse on the north-south corridor. A strategic partnership between India, Iran and Russia is expected to establish a multimodal link between Mumbai and St. Petersburg, which will give Europe and the former Soviet republics of Asia access to Asia and vice versa. Subject to Article 11, each party treats third country vessels no less favourably than that of third-country vessels with respect to tariffs on tonnage, port, pilot services, lighthouses and other similar duties collected at the ports of a contracting party and provides all the possibilities it can appropriately meet with respect to transport. , by ships of one of the two countries, a share of goods imported and exported between the two countries. The provisions of this section do not apply to the coastal traffic of one of the parties. SCHEDULE A As the EurAsian Times has already reported, after the close conclusion of the $400 billion agreement with China, Iran and Russia, it is likely that their “20-year agreement” will expire in March 2021, Iranian Foreign Minister Javad Zarif said during his official visit to Moscow. Iran and India should conduct negotiations to further improve mutual cooperation in the trade sector. Iran`s trade with India exceeded $13 billion in 2007, representing an 80% increase in trade volume in one year. [20] In third countries such as the United Arab Emirates, this figure is as high as $30 billion. [21] Relations between India and Iran are linked to bilateral relations between India and Iran.

Independent India and Iran began diplomatic relations on 15 March 1950. For much of the Cold War, relations between the Republic of India and the former imperial state of Iran suffered because of their different political interests – non-aligned India had strong military relations with the Soviet Union, while Iran instilled close ties with the United States. [1] After the 1979 revolution, relations between Iran and India briefly intensified. However, the continued support of Pakistan and India during the Iran-Iraq war has hampered the development of Indo-Iranian relations. [2] In the 1990s, India and Iran supported the Northern Alliance in Afghanistan against the Taliban regime. They continue to work together to support the broad anti-Taliban government of Ashraf Ghani, supported by the United States.


Comments are closed.