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February 16th, 2012 
FAKE NEWS for the Zionist agenda The Indian delegation, which will include businessmen and exporters from sugar production, textile machinery, tire-making and car-manufacturing sectors, is expected to be in Iran from March 10-14.
Indian exporters have been eying a trade deal with Iran, estimated to be worth 8-10 billion dollars.
India also seeks to upgrade its trade balance that is currently tilted in Iran’s favor. Exports from India to Iran were only about $2.7 billion in 2010-11 while its oil imports from Iran stood at $9.4 billion in 2010-2011.
New Delhi’s growing interest in expanding its trade ties with Tehran comes as the Western powers recently adopted fresh sanctions against Iran’s oil and financial sectors, and have ever since sought to pressure other countries to follow suit.
On December 31, 2011, the United States imposed new sanctions against the Islamic Republic, aimed at preventing other countries from importing Iran’s oil and doing transactions with its Central Bank.
European Union foreign ministers also approved sanctions against Iran’s oil and financial sectors on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s Central Bank within EU states, and a ban on selling diamonds, gold, and other precious metals to Tehran.
Many observers believe that India will press on with its plan to increase trade ties with the Islamic Republic despite the fresh round of Western sanctions.
MAB/ GHN/MA
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