It will send a delegation to explore opportunities to pep up exports to Iran which is facing acute shortage of medicinal products due to UN sanctions
New Delhi: The Union Commerce Ministry will send a business delegation of the Pharmaceutical Export Promotion Council of India to Iran to explore opportunities to export more pharmaceutical products to Iran.
Iran is facing acute shortage of medicinal products due to sanctions imposed by United Nations Security Council.
The United States and the European Union have further imposed unilateral sanctions against the Islamic Republic over its nuclear programme.
In view of the sanctions, many of the exporters fear that their payments may get blocked since all international transactions will take place in dollar terms.