Ministry of External Affairs Government of India

The Imperial Government of Iran and the Government of India,
RECALLING the provisions of the Treaty of Commerce and Navigation between the Imperial Government of Iran and the Government of India signed on the 15th December, 1954, especially Articles 1, 9, 10, 11, and 13, as reproduced in the Annexure attached to this Agreement,
DESIRING to further strengthen and promote commercial relations between the two countries,
HAVE agreed as follows

Article 1
The two Governments recognising the need and requirements of each other in the context of their developing economies undertake to explore all possibilities for expansion and promotion of trade between the two countries on the basis of mutual advantage.

Article 2
With regard to commodities mentioned in Schedules A and B attached to this Agreement, the two Governments shall facilitate imports and exports to each other's territories in accordance with their respective laws, regulations and procedures. The export and /or import of goods not included in Schedules A and B will also be permitted in accordance with laws, regulations and procedures in force in either country from time to time.

SCHEDULE A

LIST OF COMMODITIES AVAILABLE FOR EXPORT FROM INDIA TO IRAN

Import of these commodities into Iran will be subject to the laws, regulations and procedures in force in that country.

SCHEDULE B

LIST OF COMMODITIES AVAILABLE FOR EXPORT FROM IRAN TO INDIA