19 July 2019
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Chabahar: Part of Iran, India Bilateral Relations

publish date: Tuesday 08 January 2019 |   view: 128 |  print
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According to MRUD News as cited by IRNA, Iran's Foreign Minister, Mohammad Javad Zarif, has arrived in India, at the head of a high-ranking political and economic delegation, to push for the promotion of trade ties between the two countries and deliver an speech in an annual international conference in India.

The Iranian top diplomat stated that there are many good opportunities for the expansion of relations between Iran and India, including for the development of Iran's southeastern Chabahar port, noting that Indians are interested in taking part in the Chabahar development project and other projects related to Iran's transit infrastructure.

Mohammad Rastad, Head of Iran's Ports and Maritime Organization (PMO), who also accompanied Zarif in his trip to India has met with Nitin Gadkari, Minister for Road Transport & Highways, Shipping and Water Resources of India. In his recent tweet in this regards, he told that: "our emphasis in on facilitation of providing equipment in contract with Indian Operator as well as allocation of a credit line. Mr Gadkari has given direct orders in this regards".

Upon his arrival at the New Delhi airport, Zarif told reporters that Iran and India had good relations even after re-imposition of US sanctions, adding, “We have a good banking agreement with Indians, which was signed this fall and after [re-imposition] of sanctions, and this agreement allows our country to continue both exports and imports while meeting its financial needs.”

He also said that Iran has always been and will be the reliable supplier of oil for India.

During his three-day stay in the Indian capital, Zarif will deliver a speech at the annual Raisina Dialogue and also attends a trade meeting sponsored by the Confederation of Indian Industry (CII).

The annual Raisina Dialogue is a multilateral conference held by India’s Observer Research Foundation (ORF) to address the challenging issues of the international community.

This is not Zarif's first trip to India. The Iranian foreign minister also paid another visit to New Delhi in May 2018 to expand trade ties with India after the United States reinstated its anti-Iran sanctions following Washington’s withdrawal from a multilateral nuclear deal with the Islamic Republic, which is officially called the Joint Comprehensive Plan of Action (JCPOA).

After withdrawal of US, Iran and the 28-nation European Union have been discussing various ways to continue doing business with Iran and bypass US sanctions.

 

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