Iran, India ink all-embracing economic agreement

TEHRAN, Dec. 29 (MNA) – A comprehensive economic cooperation agreement was signed on Monday by Iran’s economy minister and minister of external affairs of India.

At the end of Iran-India Joint Economic Commission held in New Delhi, an extensive agreement on economic collaboration was signed between Iran’ Minister of Economy Ali Tayebnia and the Indian Minister of External Affairs Sushma Swaraj.

“The two sides agreed on cooperation in the fields of energy, infra-structure, banking, consular services, trade and tourism,” noted Tayebnia.

The official underlined that the agreement is outcome of activities of three working groups in trade, energy and infra-structure which can offer effective assistance on development of bilateral cooperation.”

He went on to state that “India has expressed interest in development of Chabahar Port and construction of railway network to connect to Central Asian countries.”

Tayebnia further deemed agreement on banking and insurance ties as important parts of the agreement.

He expressed pleasure with signing the agreement and said that it can remove barriers and existing obstacles on the way of trade and commerce between the two countries.

Tayebnia also pointed out that “unfortunately, the Middle East has been plagued by insecurity and violence endangering economic growth and improvement in the lives of people in all regional countries.”

“Iran is at the frontier of the fight against terrorism,” asserted the official urging all countries with any nationality, language or religion to work together in order to eradicate violence and terrorism.

The Prime Minister of India Narendra Modi also at a meeting with Iran’s economy minister highlighted the role of Iran in regional stability calling for cooperation among all countries to counter extremism and terrorism.

He emphasized the importance of expanding economic cooperation between Iran and India; “as two vast and friend countries, Iran and India conduct more effective collaborations particularly during the post sanction era.

Iran’s Tayebnia, for his part, noted the serious decision of Iran to boost trade and economic cooperation with India adding “effective and friendly negotiations have so far taken place with the Indian side.”

 

HA/3012267

 

News Code 113214

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