India, Iran pledge to maintain trade levels

India, Iran pledge to maintain trade levels

News:

  1. India and Iran signed pacts on President Roushani’s visit.

Important facts:

2. Despite U.S. Sanctions to “zero” out oil imports and end engagement with Iran, India and Iran signed pacts during President Hassan Roushani’s visit.

3. Both the nations focused on the following areas:

  • Enhancing connectivity
  • Strengthening cooperation in trade and economic issues.
  • People-to-people exchanges
  • Both sides also discussed issues that have arisen over the Joint Comprehensive Plan for action(JCPOA).
  • Recently, the U.S. pulled out of the 6 nations JCPOA and reimposed sanctions on Iran.
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