Iranian President Hassan Rouhani met Prime Minister Narendra Modi and President Ram Nath Kovind on Saturday at Rashtrapati Bhavan, where he was accorded a ceremonial welcome.
The two countries India and Iran signed nine Memorandums of Understanding (MoU)s following the delegation-level talks in the presence of Prime Minister Narendra Modi and Iranian President Hassan Rouhani, at New Delhi’s Hyderabad house.
Important agreements were signed between India and Iran, which will benefit our nations. President @HassanRouhani and I released a stamp marking the warm history and promising future of India-Iran ties. https://t.co/J1ZkGnsPyO pic.twitter.com/AhvPGLDo8U
— Narendra Modi (@narendramodi) February 17, 2018
The agreements were signed in areas like double taxation avoidance, extradition, agricultural cooperation, port lease, medicine and others.
Prime Minister Narendra Modi, in the joint statement with President Rouhani, said, “The MoUs exchanged between India and Iran are reflective of both sides’ strong relations and their commitment towards further strengthening it”.
The two sides signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The agreement will avoid the burden of double taxation between the two countries in order to promote the flow of investment and services. Both the countries together agreed on an exemption from visa requirement for holders of diplomatic passports.
The MoU was also mentioned on the exchange of instrument of ratification of the extradition treaty, an agreement on the lease contract for Shahid Beheshti Port- Phase 1 of Chabahar during the interim period between Iran’s Port and Maritime Organization (PMO) and India Ports Global Limited (IPGL).
Modi said he appreciated the way Rouhani had shown leadership in developing the Chabahar Port. Rouhani’s visit is significant as India and Iran work on making the strategically located Chabahar port operational. India is helping develop Chabahar, in Iran, to open a direct trade route to Afghanistan and Central Asia, bypassing Pakistan.
On sidelines of the bilateral meeting between PM @narendramodi and Iranian President Dr. Rouhani, agreements were signed in areas like double taxation avoidance, extradition, agricultural cooperation, port lease, medicine and others. List at https://t.co/6tzYJSOF37 #DustemanIran pic.twitter.com/appJIO6kvw
— Raveesh Kumar (@MEAIndia) February 17, 2018
The MoU on cooperation in the field of traditional systems of medicine was also signed to develop and strengthen cooperation in traditional systems of medicine including regulation of teaching, practice, drugs and drugless therapies.
Both the countries also agreed on cooperation in the field of agriculture and allied sectors. The MoU mentioned about the bilateral cooperation in the field of health and medicine as well postal cooperation.
In addition to this, four MoUs have also been signed between trade bodies.