Temporary Halt in Rice, Tea Imports From India

A temporary ban has been placed on the import of agro products from India to balance Iran’s trade with India, according to the secretary of Iran’s Rice Suppliers Commission.
“The ban is not restricted to rice and also includes other agricultural products such as tea. It will be lifted as soon as bilateral trade is balanced out, or registers growth,” Masih Keshavarz was also quoted as saying by IRIB News.
Latest data released by the Ministry of Commerce and Industry of India confirm that Iran has registered a trade deficit with India.
The data show transactions stood at $1.98 billion in the first nine months of 2022. Iran’s export to India hit $474 million during the period, registering a 44.48% rise compared with the corresponding period of last year. The exported goods mainly included petroleum products worth $121 million, dye intermediates worth $112 million, fresh fruits worth $110 million and organic chemicals worth $38 million.