India, Iran discuss bilateral relations

Image
IANS New Delhi
Last Updated : Jan 09 2019 | 4:55 PM IST

India and Iran discussed key bilateral issues during a meeting between External Affairs Minister Sushma Swaraj and Iranian Foreign Minister Javad Zarif here on Wednesday.

"Held wide ranging discussion on important bilateral issues and shared perspectives on the regional situation," External Affairs Ministry spokesperson Raveesh Kumar tweeted following the meeting.

Iran is a major supplier of oil to India which had been jeopardised after Washington put fresh sanctions on Tehran.

The US pulled out of the Joint Comprehensive Plan of Action (JCPOA) that Tehran signed with the five permanent members (P5) of the UN Security Council, Germany and the European Union and imposed the new sanctions on Iran over its alleged nuclear programme. This sparked concerns in New Delhi.

However, Washington had temporarily exempted New Delhi from its sanctions on Tehran oil imports and development of the Chabahar Port on the southeastern coast of Iran.

The port is being jointly developed by India, Iran and Afghanistan. New Delhi is investing $500 million to develop it and a road link from there to Afghanistan to give access to that country, bypassing Pakistan.

The port is also a key link in the International North South Transport Corridor, a 7,200 km-long multi-modal network of ship, rail and road routes to move freight between India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.

--IANS

ab/soni/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 09 2019 | 4:46 PM IST

Next Story