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TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND THE [1974] INTSer 33

TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND
THE
IMPERIAL GOVERNMENT OF IRAN

Tehran, 31 August 1974

RECALLING the provisions of the Treaty of Commerce and Navigation between the Government of India and the Imperial Government of Iran signed on the l5th December, 1954, especially Article 1, 9, 10, 11, and 13, as reproduced in the Annexure attached to this Agreement,

DESIRING to further strengthen and expand Trade and Economic relations between the two countries,

HAVE AGREED as follows :

Article 1

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

Article 2

With regard to commodities mentioned in Schedules A and B attached to this Agreement, the two Government shall facilitate import and export to each others territories in accordance with their respective laws and regulations. The import and export of goods not included in Schedule A and B will also be permitted in accordance with laws and regulations in force in either country from time to time.

Article 3

Both Governments shall give every possible consideration to the suggestions that may be made by either Party, from time to time, for facilitating import and export of goods and for the development, expansion and diversification of trade between the two countries.

Both Governments undertake to grant expeditiously import/export licences in accordance with their respective import/export and foreign exchange rules and regulations.

Article 4

Payments under this Agreement shall be effected in freely convertible currencies acceptable to both countries.

Article 5

In order to facilitate the implementation of this Agreement, and to remove any difficulties which may arise, the two Governments shall consult each other as and when necessary and, in any case, review the working of the Agreement once in six months in India and Iran alternately.

Article 6

The two Governments agree to accord, subject to their respective laws and regulations, reasonable facilities for the holding of trade fairs and exhibitions. The two Governments also agree to accord facilities for the display of goods in the permanent exhibition centre of one country in the other.

Article 7

This Agreement shall come into force as from the date of exchange of notes between the two Governments, confirming the approval of the Agreement by the respective authorities, and it shall remain in force for a period of 5 years. Thereafter, it shall be extended automatically from year to year unless a notice of termination or a request for a new agreement in writing is given by either Party three months prior to the expiration of the Agreement.

DONE at Tehran on August 31, 1974 in two original copies in the English language, both of which are equally authentic.

Sd /-
D.P. CHATTOPADHYAYA
Minister of Commerce
For the Government of India Sd /-

FEREIDOUN MAHDAVI
Minister of Commerce
For the Imperial Government of Iran.



SCHEDULE A

ITEMS AVAILABLE FOR EXPORT FROM IRAN TO INDIA

1. Machine tools;
2. Ball bearings;
3. Industrial machinery;
4. Rolled mild steel;
5. Lubricants;
6. Aluminium ingots;
7. Gas cylinders;
8. Pharmaceuticals (basic drugs only).
9. Fertilizers;
10. Shoes polish wax;
11. Insecticides and pesticides;
12. Sulphur;
13. Caustic soda;
14. Ethyl alcohol;
15. Vaseline and paraffin;
16. Penicillin and its bye products.
17. Vaccines;
18. Glycerine:
19. Concentrated lead;
20. Saffron;
21. Cumin seeds;
22. Exposed films, records, tapes for cassette;
23. Books and printed matters;
24. Dry fruits comprising almonds, pistachios, walnuts, hazelnuts etc.;
25. Fresh fruits;
26. Dates (fresh ahd dried);
27. Roots and bushes; stems, fruit stems for dyeing and tanning purposes;
28. Plants, roots and herbs for medicinal, perfumery and industrial purposes.
29. Asfacetida
30. Gum tragacanth and other gums.
31. Raw cotton;
32. Wool;
33. Hides and skins;
34. Mineral ores including copper, zinc, lead, chromite;
35. Chemicals, permissible types);
36. Asbestos products;
37. Animal casings;
38. Red oxide;
39. Plastic manufactured goods;
40. Boilers;
41. Nails;
42. Electric cables;
43. Transformers;
44. Liquorice extracts.

SCHEDULE B

ITEMS AVAILABLE FOR EXPORT FROM INDIA TO IRAN

1. Equipment for generation, transformation, transmission and distribution of electric power;
2. Industrial machinery for the manufacture of sugar, paper, cement, textiles, fertilizers end chemicals, etc.;
3. Machine tools and metal working equipment;
4. Diesel engines, pumps and compressors;
5. Railway rolling stock and permanent way materials;
6. Electric cables and conductors;
7. Bicycle and components;
8. Motor vehicles and components and spare parts thereof;
9. Fabricated steel structurals including transmission line towers and poles;
10. Steel pipes and tubes and fittings thereof;
11. Small cutting tools and hand tools;
12. Exposed films, tapes;
13. Steel wire products;
14. Ball, roller and taper bearings;
15. Manufactures of iron and steel;
16. Meat;
17. Plywood, commercial tea chest and plywood board;
18. Water treatment plants and chemicals;
19. Toiletries, hair oils and soaps;
20. Pharmaceuticals, drugs, medicines, vaccines and serum;
21. Ceramics and sanitary ware including H-T insulators;
22. Rubber products including bicycle and automobile tyres and tubes;
23. Inorganic chemicals;
24. Coal-tar, varnishes and lacquers;
25. Paints, varnishes and lacquers;
26. Spectacle frames;
27. Plastic products including linoleum;
28. Cotton textiles and mixed fabrics;
29. Spices including pepper, chillies cardamom and others;
30. Confectionery;
31. Barytes;
32. Iron ore:
33. Fresh fruits, including banana;
34. Surgical products;
35. Tobacco and tobacco manufactures;
36. Insecticides, pesticides and formulations;
37. Jute goods;
38. Tea;
39. Rails and railway materials;
40. Sugar:
41. Cement;
42. Rice;
43. Mica;
44. Wagons;
45. Oil cakes and other cattle feeds.


India Bilateral

Ministry of External Affairs, India


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