19th Iran-India joint economic commission meeting held

TEHRAN, Dec. 22 (MNA) – The 19th meeting of Iran-India joint economic commission meeting was held in Tehran on Sunday.

The meeting was held by participation of Iranian FM Mohammad Javad Zarif and India’s External Affairs Minister Subrahmanyam Jaishankar besides representatives from ministries and economic, commercial, transportation and banking organizations.

As reported, an MOU was signed between the two countries between the heads of the joint economic commission.

Zarif and his Indian counterpart hold a meeting earlier on Sunday.

Jaishankar’s visit comes days after a US department official said that Washington has provided an exemption to India from sanctions on the Chabahar project which is envisaged to help transport Indian goods to landlocked Afghanistan.

Meanwhile, the second meeting of the follow-up committee for the implementation of the trilateral Chabahar Agreement between Iran, India and Afghanistan at the level of Joint Secretary/Director-General was held on Friday.

It was in 2003 that India first proposed developing the Chabahar Port seen as a gateway for the country to access the landlocked markets of Afghanistan and Central Asia, as New Delhi’s tense ties with Pakistan blocked overland trade through Pakistan.

Iran, India and Afghanistan signed a trilateral agreement on the development of Chabahar Port in Tehran in May 2016 to establish a strategic transit and transport route connecting the three countries.

MNA/ 4804764

News Code 153613

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