India will broaden its trade with Iran

‘India will keep expanding trade with Iran’

Fri, 14 Dec 2012 02:59:41 GMT

India says it will continue to broaden its trade transactions with Iran regardless of the US-engineered sanctions against the Islamic Republic.

Addressing an Iran-India gathering, organized by Indian think tank Institute for Defense Studies and Analyses, in New Delhi on Thursday, Additional Secretary in the Ministry of External Affairs, Yash Sinha described Iran as a top crude exporter to India, English-language daily newspaper The Times of India reported.

He added that Iran-India trade exchanges registered an 18.76-percent jump during the fiscal year which began in April 2011.

Iran was represented at the meeting by Mostafa Dolatyar, who is director-general for the Tehran-based think tank Institute of Political and International Studies, which is part of the Iranian Ministry of Foreign Affairs.

Dolatyar played down the impact of sanctions against Iran, saying the Islamic Republic has been under sanctions for more than three decades.

He noted that Iran considers India to be a strategic and reliable partner for Iran.

The United Nations Security Council has imposed four rounds of US-engineered sanctions against the Islamic Republic. The Security Council’s measure was followed by a series of illegal unilateral embargoes against Iran by the US and the European Union.

The United States, Israel, and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program.

Iran argues that as a signatory to the nuclear Non-Proliferation Treaty and a member of the IAEA, it is entitled to develop and acquire nuclear technology for peaceful purposes.

In addition, the IAEA has conducted numerous inspections of Iran’s nuclear facilities, but has never found any evidence of divergence towards military objectives in the Islamic Republic’s nuclear energy program.

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