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US President Donald Trump’s decision to re-impose economic sanctions on Iran will not result in any significant dent in India’s exports to the Islamic republic, Commerce Secretary Rita Teaotia said.
“There were sanctions in place for Iran for a number of years before they were partially lifted by the Obama administration. That did not see a huge increase in exports from India to Iran. I do not expect any major shift to happen in bilateral trade now (because of the fresh sanctions),” Teaotia said talking to reporters at the sidelines of an event organised by the Centre for Regional Trade on Wednesday.
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