As mentioned by high level officials in Iranian foreign affairs, India and Iran may soon begin exploratory talks on the resumption of bilateral trade in items such as crude oil and fertilisers that have faced US sanctions since 2019 as Iran and the US are trying to expedite talks on reviving the Iranian nuclear deal of 2015, a source has said, according to the Hindu Business Line website.

A high-level team from Iran is scheduled to visit New Delhi for talks with Indian officials.

A source told the Indian website that “There is a hope that Iran sanctions will be lifted as progress has been reported in talks between the US and Iran in Vienna on reviving the nuclear agreement. So, we have to position ourselves for that. An Iranian team of senior officials will visit India soon to discuss how to go about resuming trade in items such as oil and fertilisers.”

If this is going to be the case for Iran and India trade, there will be many opportunities in other area of bilateral trades between Iran and India. As hopes are raising for this new atmosphere, Hirad Smart Trading Co is planning to develope new lines of Indo Iran business through our office in India.

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