Trade with Iran grows in spite of UN sanctions

India’s joining the international action against Iran, including the fourth round of United Nations’ sanctions imposed last week, do not seem to be correlated to the growing economic relations between the two countries. Trade between India and Iran has increased from $2.2 billion in 2000-01 to over $13 billion in 2008-09.

The only blot seems to be the Iran-Pakistan-India gas pipeline project. India had been showing disinterest in the pipeline, but had sent requests for a bilateral official level meeting twice. There had been no response from Teheran on these yet, senior Indian government officials said. “We had proposed dates for talks earlier in May and again asked for dates from Iran earlier this month but have not received any response,” said an official.


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