Old Friends - on India ๐ฎ๐ณ Iran ๐ฎ๐ท Bilateral Ties
India must maintain its steady course of strengthening ties with Iran In purely bilateral terms, Iranian President Hassan Rouhani’s visit to India was pitch perfect in content and optics. After his meeting with Prime Minister Narendra Modi, India and Iran signed agreements and memorandums of understanding on a wide variety of issues. Among the announcements was the decision to award India the contract to operate the Chabahar Shahid Beheshti port terminal after the project is completed. While no announcement was made on the Farzad-B gas field that India has expressed an interest in, the joint statement indicates that positive deliberations may follow. There were discussions on enhancing trade and investment and ease of doing business between India and Iran, including a double taxation avoidance agreement and an expert group to recommend “trade remedy measures”. Just before Mr. Rouhani’s visit, India announced it would allow Indian investment in Iran to be done in...