News Agency - Detail

Iran exports $1.168bn Petchems to India

Iran exports $1.168bn Petchems to India
(Wednesday, May 3, 2023) 10:54

TEHRAN (NIPNA) -- Iran exported $1.168 billion worth of petrochemical products to India in the Iranian calendar year 1401 (March 2022-March 2023), according to the Iranian ambassador to India, Iraj Elahi Dehghani.

Speaking at the Iran Petrochemical Forum, Dehghani said that the total volume of trade between the two countries was $13 billion in 2018 before decreasing following the United States' withdrawal from the JCPOA.

He also mentioned that 3 million tons of urea fertilizer have been exported to India.

Dehghani highlighted that international sanctions, India's internal laws, and restrictions imposed by Indian ports on Iranian ships are the main obstacles to Iran's export to India.

He expressed hope that continuing negotiations would yield the desired results in the coming weeks.

Email is required
Characters left: 500
Comment is required