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In this episode of India's World focuses on Iran is exploring ways to increase its bilateral trade with India, including expanding banking channels. Only one bank has a business relationship with Iran. Experts believe there is a need to sign free trade agreements with India to reduce customs and tariffs on both sides to improve bilateral trade. The volume of trade between Iran and India stands between $10 billion and $13 billion, which has tremendous potential for improvement. Early this year, India had taken over operations of the strategic Chabahar port in Iran opening a new strategic route connecting Iran, India, and Afghanistan, bypassing Pakistan. To boost tourism, Iran had started offering stapled visas and e-visas to Indians. In March, several media reports suggested India is exploring the possibility of expanding its anti-terror partnership with Iran to counter terrorist activities allegedly launched from Pakistan’s soil Anchor: Frank Rausan Pereira Guest : D P Srivastava, Former Ambassador : Prof. A K Pasha, Centre for West Asian Studies, JNU : Waiel S H Awwad, West Asia Expert