India, Iran Trade Exchange to Hit $30bn: Official

Date: 14 August 2019 - 21:50

News ID: ۶۹۳۲۵

TEHRAN (Dispatches) - Iran's Consul General in India's Hyderabad Mohammad Haqbin Qomi said on Wednesday that Tehran and New Delhi are determined to increase the volume of annual bilateral trade to at least 30 billion dollars by activating capacities in their respective economies.
Haqbin Qomi said that Tehran and New Delhi have targeted 30-billion-dollar worth of trade exchange in light of the great capacities of the two countries for economic cooperation.
The envoy added that reports show that trade exchange between Iran and India has been 18 billion dollars in 2018, the figure that can increase regarding the existing capacities.
Everything has been prepared for boosting economic cooperation with India, while the sanctions have made it difficult, the official said.
Asked about relations between Iran and India, Haqbin Qomi said the two countries experience good and growing cooperation.
He further referred to agricultural products of Southern Iranian province of Bushehr as good grounds for fostering trade cooperation with India.