India’s merchandise exports jump by 17.25% in Oct
The trade deficit was widened to USD 27.14 billion. Imports increased by 3.9% to USD 66.34 billion in October compared to USD 63.86 billion in the year-ago period.
India and Iran on Tuesday reviewed the progress on completing the Chabahar Port project that will provide India a critical transport link to Afghanistan, bypassing Pakistan.
At the first trilateral meeting of India, Iran and Afghanistan held in Kabul, Afghanistan also conveyed to both New Delhi and Tehran its keenness on early completion of project.
The meeting was chaired by Afghan Deputy Minister of Foreign Affairs Hekmat Khalil Karzai.
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The Indian and Iranian delegations were led by Foreign Secretary Vijay Gokhale and Deputy Foreign Minister Abbas Araghchi respectively.
An official release issued in New Delhi said the meeting focused on consolidating economic cooperation, including Chabahar, as well as enhancing cooperation on counter-terrorism, counter-narcotics, and continuing support to the peace and reconciliation process that is led and owned by Afghanistan. The three sides agreed to hold the next round of consultation next year.
The meeting came days after Iran announced that it would hand over the maintenance and operation of the Chabahar Port to India soon.
India has been under intense pressure from the United States to reduce its trade and commercial links with Iran in view of American sanctions against the Islamic nation.
New Delhi has, however, asked the US to keep the Chabahar Port out of the sanctions regime since the project was primarily aimed at providing humanitarian assistance to the war-affected people of Afghanistan.
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