Trade Ban With Iran Lifted for Certain Items, Says Indian Govt

The government notified that direct or indirect export to Iran or import from Iran of these items is now permitted.

External Affairs Minister Sushma Swarja with Foreign Minister of Republic of Iran, Javad Zarif on August 14, 2015 in New Delhi. This image is for representational purposes. (Photo: Reuters)

• After some western countries lifted the sanctions against Iran earlier this year, India has followed suit and lifted a ban on trade of specified items with Iran, the government said in a notification on Wednesday.
  
  

• The notification said that direct or indirect export to Iran or import from Iran is now permitted for these items subject to UN Security Council Resolution, according to a report published by Reuters.
  
  

• This move comes after India’s improving ties with Iran. New Delhi last month had signed a pact with Tehran to build the strategically important Chabahar port in Iran with an initial commitment of $500 million for the project.