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India, Iran sign agreement on air services matters
On the sidelines of the 16th Joint Commission Meeting held in New Delhi on 8-9 July, 2010, India and Iran signed agreement on air services matters.
The salient features of the agreement, signed by the visiting Minister of Economic Affairs and Finance, Shamseddin Hossaini from Iran side and India’s Foreign Minister S M Krishna, in New Delhi on Friday evening, include facilitation of code share and cooperative marketing arrangement and an enhancement in the capacity entitlement for the designated airlines of each side from 23 services per week presently to 31 services per week.
Two additional points of call in the respective countries, to be mutually decided upon later, has been agreed.
The new Air Services Agreement (ASA) will be based on the International Civil Aviation Organization (ICAO) template. The revised ASA will supersede the ASA initialed between the two countries on 30 April, 1980.
It has the potential to spur greater trade investment, tourism and strengthening the cultural exchange between the two countries besides bringing it in tune with the developments in the international civil aviation scenario.
Beside ASA, agreement on Transfer of sentenced persons, MoU on New and Renewable Energy, MoU on Cooperation in Small Scale Industry, Program of Cooperation on Science and Technology and MoU on Cooperation between Central Pulp and Paper Research, were signed between Iran and India.
Shamseddin Hossaini, and S M Krishna, witnessed the signing of the agreements between the two countries.
Meanwhile, the two-day 16th Session of India-Iran Joint Commission, convened on July 8-9, provided an opportunity to review bilateral economic and cultural cooperation.
It was agreed that the next Session of the Joint Commission would be held in Tehran.
Earlier, on Thursday, Shamseddin Hosseini called on Prime Minister, Manmohan Singh.
He also met Pranab Mukherjee, Minister of Finance.
India and Iran are expected to soon sign a bilateral investment protection treaty with a view to double the bilateral trade to 30 billion dollars by 2015.
Iranian finance minister Seyed Shamseddin Hosseini said in New Delhi on Thursday that New Delhi and Tehran will take forward the talks on the Iran-Pakistan-India (IPI) gas pipeline project and will come to an agreement.
Iranian Minister and Deputy Minister also addressed a Seminar under the title “Investment Opportunities in Iran”.
The day-long seminar, to enhance Indo-Iran business ties, was organized by India’s apex business body the Federation of Indian Chamber of Commerce and Industry (FICCI) at FICCI auditorium here.
Meanwhile, the high-powered business delegation accompanying Hosseini also held meetings with ASSOCHAM and Confederation of Indian Industry.
The salient features of the agreement, signed by the visiting Minister of Economic Affairs and Finance, Shamseddin Hossaini from Iran side and India’s Foreign Minister S M Krishna, in New Delhi on Friday evening, include facilitation of code share and cooperative marketing arrangement and an enhancement in the capacity entitlement for the designated airlines of each side from 23 services per week presently to 31 services per week.
Two additional points of call in the respective countries, to be mutually decided upon later, has been agreed.
The new Air Services Agreement (ASA) will be based on the International Civil Aviation Organization (ICAO) template. The revised ASA will supersede the ASA initialed between the two countries on 30 April, 1980.
It has the potential to spur greater trade investment, tourism and strengthening the cultural exchange between the two countries besides bringing it in tune with the developments in the international civil aviation scenario.
Beside ASA, agreement on Transfer of sentenced persons, MoU on New and Renewable Energy, MoU on Cooperation in Small Scale Industry, Program of Cooperation on Science and Technology and MoU on Cooperation between Central Pulp and Paper Research, were signed between Iran and India.
Shamseddin Hossaini, and S M Krishna, witnessed the signing of the agreements between the two countries.
Meanwhile, the two-day 16th Session of India-Iran Joint Commission, convened on July 8-9, provided an opportunity to review bilateral economic and cultural cooperation.
It was agreed that the next Session of the Joint Commission would be held in Tehran.
Earlier, on Thursday, Shamseddin Hosseini called on Prime Minister, Manmohan Singh.
He also met Pranab Mukherjee, Minister of Finance.
India and Iran are expected to soon sign a bilateral investment protection treaty with a view to double the bilateral trade to 30 billion dollars by 2015.
Iranian finance minister Seyed Shamseddin Hosseini said in New Delhi on Thursday that New Delhi and Tehran will take forward the talks on the Iran-Pakistan-India (IPI) gas pipeline project and will come to an agreement.
Iranian Minister and Deputy Minister also addressed a Seminar under the title “Investment Opportunities in Iran”.
The day-long seminar, to enhance Indo-Iran business ties, was organized by India’s apex business body the Federation of Indian Chamber of Commerce and Industry (FICCI) at FICCI auditorium here.
Meanwhile, the high-powered business delegation accompanying Hosseini also held meetings with ASSOCHAM and Confederation of Indian Industry.