Iran, India To Increase Trade To $30Bln In 2019 Fiscal Year - Reports
Muhammad Irfan 9 days ago Wed 14th August 2019 | 05:40 PM
MOSCOW (UrduPoint News / Sputnik - 14th August, 2019) Iran and India plan to increase their trade to $30 billion this fiscal year, amid toughening sanctions against Tehran from Washington, local media reported, citing Iran's consul general in India's Hyderabad, Mohammad Haghbin Ghomi.
The consul added that the two countries shared great potential to increase bilateral trade and that Tehran was ready to implement strategies to eliminate the negative consequences of US sanctions against the middle Eastern country.
Tehran has been targeted by heavy sanctions from Washington since last year, when on May 8, 2018, US President Donald Trump unilaterally withdrew his country from the Iran nuclear deal. In late July, Iranian Foreign Minister Javad Zarif said that the sanctions amounted to "economic terrorism."