Despite US sanctions, Indian tea cos bullish about boosting trade with Iran

In 2018, tea exports to Iran, India's second-most important tea market, shot up only by around 3.5% in terms of volume

Indian tea companies are bullish about increasing trade with Iran after Uco Bank clarified to tea companies that the Rupee-Rial trade agreement with its West Asian neighbour will continue, while exporters expect the Iranian tea market to grow by over 15-20 per cent this year.

In 2018, tea exports to Iran, India’s second-most important tea market, shot up only by around 3.5 per cent in terms of volume. However, Indian producers and suppliers argued that the low growth was due to a lack of clarity on whether the Rupee-Rial trade agreement would continue in the face of US sanctions on