Currency ambiguity weighs on India-Iran trade
The Dollar Business Bureau Donald Trump has made it amply clear that the landmark Iran nuclear deal negotiated by former President Barrack Obama is a 'bad deal'. Recent test-firing of ballistic missiles by Iran lead to a bitter feud between the two countries, ending in sanctions being imposed on companies and individuals related to missile programs in Iran. Lack of clarity in Trump's future strategy for Iran has left traders in the middle-eastern country, along with their close trading partners in a limbo. India, one of Iran's closest trading partners, ranks second among its export destinations (after China) and fourth among its major importers (after China, South Korea and Turkey). In fact, oil embargoes on Iran proved to be a blessing in disguise for Iran-India trade, as total ...
Iran seeks Indian investments in Chabahar free trade zone
The Dollar Business Bureau India is looking to benefit from a sanction-free Iran through stepping up investments in energy, urban development, information exchange and infrastructure modernisation activities As part of efforts to attract funds for its infrastructure projects, Iran has asked Indian public and private firms to invest in the development of Chabahar Port and set up industrial units in a Free Trade Zone around the port. India’s External Affairs Minister Sushma Swaraj expressed the country’s willingness to take part in oil and gas exploration projects in Iran, while emphasising on the need of an early completion of all procedures for India’s participation in Farzad-B gas field. The Indian minister met Iran’s Minister of Economic Affairs and Finance Ali Tayebnia ...
