India and Iran talk about building the Chabahar Port

India and Iran held Foreign Office Consultations today . Both sides discussed the construction of the Chabahar Port .

New Delhi, India, November 24: As both sides held delegation-level talks, India and Iran discussed the construction of the Chabahar Port and discussed regional and international issues, including Afghanistan.On Twitter, Ministry of External Affairs Spokesperson Arindam Bagchi said India and Iran held Foreign Office Consultations today, led by Foreign Secretary Vinay Kwatra and Deputy FM Ali Bagheri Kani of Iran.Both sides discussed bilateral interests, including the construction of Chabahar Port.According to the statement issued by MEA, Foreign Secretary Vinay Mohan Kwatra led the Indian delegation, while Iranian delegation Ali Bagheri Kani was lead by Deputy Foreign Minister for Political Affairs, according to a statement published by MEA.

The two sides reiterated their commitment to continue cooperating in the Chabahar Port's Shahid Beheshti terminal.Both countries exchanged views on regional and international issues, including Afghanistan.According to the statement, the Iranian Deputy Foreign Minister briefed the Foreign Secretary on topics related to the Joint Comprehensive Plan of Action (JCPOA).During the visit, Irans Ali Bagheri met with External Affairs Minister S Jaishankar on Wednesday and discussed bilateral cooperation and the JCPOA.The 2015 Iran nuclear agreement is also known as the Joint Comprehensive Plan of Action.India-Iran relations span millennia and are marked by meaningful interactions.

In September, Iranian Foreign Minister H Amirabdollahian spoke to Jaishankar.These include the Joint Committee Meeting (JCM), which is chaired at the Ministerial level, the Foreign Office Consultations, which are chaired at the Foreign Secretary level, and the Joint Consular Committee Meeting, which is chaired by the Joint Secretary General.Industrial relations between India and Iran were traditionally dominated by the Indian import of Iranian crude oil.India imported USD 12.11 billion worth of crude oil from Iran in 2018-19.However, India has stopped importing crude from Iran following the conclusion of the Significant Reduction Exemption (SRE) period on May 2, 2019.

Indias major exports to Iran are rice, tea, sugar, soya, pharmaceuticals, man-made staple fibers, electrical equipment, etc.Major imports from Iran are inorganicchemicals, fertilizers, cement clinkers, fruits and nuts, leather, etc.Both countries are negotiating a Preferential Trade Agreement, on which five rounds have been held so far.At the conclusion of the first phase, the port's capacity will reach 8.5 MT.During Prime Minister Narendra Modi's visit to Tehran in May 2016, a deal on Chabahar was signed, which included an investment of USD 85 million for the port's equipment.

.
.
.
.