India, Iran Sign 9 Agreements During Hassan Rouhani’s Visit: MoUs On Medicine, Trade And Connectivity Key Highlights


Iran president Hassan Rouhani visited India between 15 and 17 February. In his first-ever visit after taking over as President of Iran, Rouhani met Prime Minister Narendra Modi on Sunday and held “substantive and productive” talks to boost cooperation in areas of defence and security, trade and investment, and energy, the Ministry of External Affairs said.

At the end of the meeting, the countries exchanged nine major MoUs, which covered the areas of connectivity, trade, agriculture and taxation. Perhaps, two of the most important MoUs that were signed were the MoU on Chabahar Port and the agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion.

The MoU on Chabahar Port gave India an 18-month lease of Phase I of the jointly built port, while the taxation agreement will be helping taxpayers to avoid paying double taxes on their income earned from the source country as well as the residence country. Read More…

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