India and Iran discuss Chabahar Port development and strengthening trade relations

NEW DELHI : India and Iran recently evaluated their bilateral relations, focusing on the joint development of the Chabahar Port and enhancing trade and economic ties. Discussions also explored potential cooperation in agriculture and other sectors. The 19th India-Iran Foreign Office Consultations took place in Delhi, where Iran urged India to consider resuming Iranian crude oil imports. India halted these imports in mid-2019 due to US sanctions on Iran.

The Iranian delegation was led by Deputy Foreign Minister Majid Takht Ravanchi, while Foreign Secretary Vikram Misri represented India. Ravanchi also met with External Affairs Minister Dr. S Jaishankar to discuss bilateral issues and regional challenges. “Discussed our bilateral ties, progress in Chabahar port and regional developments. Confident that the Foreign Office Consultations will give a momentum to our partnership,” Jaishankar stated on X.

Chabahar Port’s Strategic Role

The Chabahar port, situated in Iran’s Sistan-Balochistan province, is a collaborative project between India and Iran aimed at enhancing connectivity and trade links. The Ministry of External Affairs (MEA) noted that both sides reviewed various aspects of their relationship, including the port’s development, agricultural cooperation, trade, economic issues, and cultural exchanges.

The MEA highlighted the port’s importance for Afghanistan’s reconstruction and economic growth. The discussions also addressed current regional and global issues such as the situations in Afghanistan, West Asia, and the South Caucasus. The Iranian deputy foreign minister emphasized boosting tourism to strengthen people-to-people connections.

Expanding Multilateral Cooperation

Both nations reiterated their commitment to deepening collaboration in multilateral forums like the United Nations, BRICS (Brazil-Russia-India-China-South Africa), and the Shanghai Cooperation Organisation (SCO). Although BRICS initially included only its founding members, it now comprises Iran, Egypt, Ethiopia, and the United Arab Emirates.

Before the consultations, a senior Iranian official expressed Tehran’s interest in resuming crude oil supplies to India. They also aim to expand trade through the Chabahar port, particularly in the petrochemical sector. The official noted that Chabahar port offers significant opportunities for enhancing trade and economic engagement between India and Iran.

The port remains outside the scope of US sanctions against Tehran, providing a unique advantage for both countries to strengthen their economic ties. This strategic location is expected to facilitate increased trade activities between India and Iran.

The recent discussions have set a positive tone for future collaborations between India and Iran. Both nations are keen on exploring new avenues for cooperation while addressing regional challenges together.