India and Iran sign several MoUs and agreements to boost bilateral ties, Prime Minister Narendra Modi and President Rouhani pledge to further strengthen bilateral relations. The pacts were signed after delegation level talks between Prime Minister Narendra Modi and visiting Iran President Hassan Rouhani at New Delhi’s Hyderabad house. The two countries inked pacts to enhance cooperation in the areas of taxation, maritime cooperation, health and medicine, trade, agriculture and postal cooperation.
The agreement meets treaty related minimum standards under G-20 OECD Base Erosion and Profit Shifting (BEPS) project, in which India participated on an equal footing. It will also provide for the exchange of information between the two contracting parties as per latest international standards. The pact will stimulate the flow of investment, technology and personnel from India to Iran as well as from Iran to India and will prevent double taxation. It will also improve transparency in tax matters and will help curb tax evasion and tax avoidance.