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Iran, India agree to boost trade to USD 25 billion

Tuesday, 15 May 2012

Iranian and Indian economic officials agreed to increase their trade balance to USD 25 billion and to increase the level of non-oil trade from the current USD 4 billion to USD 10 billion. The Iranian trade delegation conducted a week long visit to India. The current trade balance between Tehran and New Delhi is USD 14 billion. Secretary General of Tehran’s Chamber of Commerce, Mohammad Mehdi Rasekh, said that an agreement was also signed in which Iran would import industrial items in the oil and gas sector from India. The Iranians said that New Delhi has maintained its independence by refusing to surrender to Western pressures to cut ties with Tehran.

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  • Published: 519 days ago on Tuesday, 15 May 2012
  • By: Iran Daily Brief
  • Last Modified: May 15, 2012 @ 2:48 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://english.farsnews.com/newstext.php?nn=9102111927

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