India and Iran decided to expand Trade and Economic Cooperation

India and Iran 28 August 2012 decided to expand Trade and Economic Cooperation. The two nations agreed to expand trade and economic cooperation through the Chahbahar port. The port will act as an important trade and transit point for Afghanistan and central Asia. On the nuclear issue, India expressed hope that progress will be on the P5 plus one dialogue in the interest of peace and stability in the region. Both the nations agreed to set up an Indian cultural centre in Tehran.
India also discussed the issue of global governance confronting the developing world.