Iran-India Economic Relations Strained by Sanctions, Warns Araqchi
In a recent meeting focused on enhancing Iran-India economic relations, Foreign Minister Abbas Araqchi emphasized that sanctions are a significant barrier to growth. This discussion took place during the 20th session of the Iran-India Joint Commission, hosted at Hyderabad House in New Delhi.
Co-chaired by Araqchi and India’s Foreign Minister Subrahmanyam Jaishankar, the session highlighted the longstanding friendship between Iran and India. Araqchi remarked on how these two nations have consistently maintained warm and friendly relations, grounded in mutual respect and shared interests.
Key points from Araqchi’s address include:
- Despite strong economic ties, current cooperation levels fall short of expectations.
- Sanctions are a primary obstacle to deepening economic relationships.
- Araqchi expressed hope for a resolution to these sanctions in the future.
In response, Jaishankar welcomed the Iranian delegation and acknowledged the advancements made in bilateral cooperation across various sectors. He also noted the significance of the upcoming 75th anniversary of diplomatic relations, stating:
- The history of Iran-India relations reflects deep cooperation and friendship.
- Jaishankar is confident that the anniversary will be celebrated appropriately.
This collaborative spirit marks a pivotal moment for both countries as they aim to overcome obstacles and strengthen their economic ties.
