India, Afghanistan and Iran to set up Joint Working Group to spur Trade
Iran, India and Afghanistan discussed options for investment in the Chabahar Port, located in southeast Iran. In a crucial trilateral meeting held on 26 August 2012 ahead of the Non-Aligned Movement (NAM) summit, the three nations agreed to set up a joint working group to spur trade and transit through the Iranian port of Chabahar.
Foreign Secretary Ranjan Mathai held dialogues with deputy foreign ministers of Iran and Afghanistan in Tehran to explore ways to expand trade and transit cooperation, including investment, among the three countries, starting with the Chabahar Port.
In a joint statement released after trilateral dialogue the three countries committed to meet within next three months at Chabahar to take the discussions forward.
In another significant development Indian External Affairs Minister SM Krishna held bilateral dialogues with his Iranian counterpart Ali Akbar Salehi on 27 August 2012. The two leaders discussed issues related to trade and economy during the meeting. The two nations hoped to take their economic ties to a new level through increased cooperation in the economic sector.
Iran is hosting the 16th Nan-Aligned Movement Summit in capital Tehran from 26 August to 31 August 2012.