"It is time to do serious business," Indian commerce ministry joint secretary Arvind Mehta told a 56-member Iranian trade delegation. "You look East and we will look West to be partners in progress," Mehta said. The Iranian trade mission arrived on the same day as Clinton to explore commercial opportunities in India after an Indian business delegation visited the Persian Gulf nation in March. India has been buying around $11 billion worth of oil from Iran a year but sells Tehran just under $3 billion in goods. India plans to increase its exports to Iran as the Western sanctions campaign against Iran has been troubling dollar and euro payment routes that New Delhi was using to pay for Iranian oil imports. India and Iran have worked out a deal under which New Delhi will pay for close to half of its Iranian oil imports in rupees. The rupee payments will be used by Iran to purchase Indian goods.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor