Export to Iran Despite US and Eurozone sanctions.

Press Information Bureau

Government of India

Ministry of Commerce & Industry

16-May-2012 15:50 IST

Export to Iran Despite US and Eurozone sanctions

India exports goods to Iran in accordance with its international obligations of United Nations sanctions on Iran. Major items of India’s export to Iran include agriculture commodities and textiles.

US and Eurozone sanctions on Iran have the potential to disrupt India’s trade with Iran.

Rial -Rupee payment arrangements have been put in place for bilateral trade between India and Iran.

This information was given by the Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply in the Rajya Sabha today.

DS/GK