Friday November 15, 2019
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India seeks enhanced economic ties with Iran

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New Delhi:  Iran being an important partner of India, according to Sushma Swaraj External Affairs Minister, called for improvement of commerce, infrastructure, trade and bilateral economic cooperation in energy on Monday.

Co-chairing the 18th session of the India-Iran Joint Commission Meeting (JCM) here with Iran’s Minister of Economic Affairs and Finance Ali Tayebnia, Sushma Swaraj underlined the efforts underway to enhance bilateral economic cooperation in energy, infrastructure – including shipping, ports and railways — and trade and commerce, an official statement said.

“She stressed that connectivity afforded by Indian participation in Chahbahar port will facilitate linking Afghanistan and Central Asia with India,” the statement said.

“The Iranian side suggested the participation of India’s public and private sectors in the development of Chahbahar port and Chahbahar Free Trade Zone (FTZ) and in setting up industrial units in the FTZ.”

Sushma Swaraj emphasised the need for early completion of all necessary procedures for India’s participation in the Farzad-B gas field in Iran and pointed out India’s desire to participate in other oil and gas explorations in the west Asian nation as well.

“The two ministers reviewed the progress in trade and economic cooperation and a number of related matters, and discussed the possibilities in cooperation in railways, including by supply of rails, rolling stock, signalling and other works and India’s participation in Chahbahar-Zahedan-Mashhad railway line,” the statement said.

The JCM was preceded by meetings of the Joint Working Group (JWG) on trade and Commerce (November 18-19), Joint Working Group on energy (December 26) and Joint Working Group on infrastructure (December 26).

Earlier on Monday, Taiebnia called on Prime Minister Narendra Modi, who warmly recalled his meeting with the Iranian President Hassan Rouhani in Ufa earlier on the sidelines of the Brazil, Russia, India China, South Africa (BRICS) and Shanghai Cooperation Organisation (SCO) summits in Ufa, Russia, this year and reiterated the keen desire of India to expand its economic cooperation with Iran.(IANS)(image: mayatoday.com)

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Iran Installing New Centrifuges, UN Confirms

The U.N.'s nuclear watchdog agency said Monday its inspectors confirmed Iran is installing more advanced centrifuges

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UN, Iran, nuclear, Centrifuges, Install
Acting Director General of the International Atomic Energy Agency, IAEA, Cornel Feruta from Romania waits for the start of the IAEA board of governors meeting at the International Center in Vienna, Austria, Sept. 9, 2019. VOA

The U.N.’s nuclear watchdog agency said Monday its inspectors confirmed Iran is installing more advanced centrifuges that can be used to refine uranium.

An International Atomic Energy Agency statement said the equipment includes several types of centrifuges prohibited under the 2015 nuclear deal Iran reached with a group of world powers that limited its nuclear program in exchange for sanctions relief.

UN, Iran, Centrifuges, Install, nuclear
Iran says it will continue to work with the IAEA to allow inspections of its nuclear facilities.. Pixabay

The confirmation comes days after Iranian officials announced the move.  It was the latest step Iran has taken away from the nuclear agreement as it complains European nations are not doing enough to help Iran’s oil sector deal with U.S. sanctions.

Iran earlier decided to break the limit on the amount of enriched uranium it is allowed to hold at one time, and a limit on the level to which it can enrich.

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The United States imposed its sanctions after abandoning the agreement last year.  President Donald Trump has said he wants to negotiate a new deal, but one that also includes limitations on Iran’s ballistic missile program and a longer timeline than the original agreement struck under the administration of his predecessor Barack Obama.

Despite openly taking steps to go against limitations specified in the agreement, Iran says it will continue to work with the IAEA to allow inspections of its nuclear facilities. (VOA)