The agreement accommodates trade of data between the two countries in accordance with the most recent global guidelines. "It will improve straightforwardness in charge matters and will assist check with burdening avoidance and duty evasion," the announcement said. "The understanding additionally fulfills settlement related least guidelines under G-20 OECD Base Erosion and Profit Shifting (BEPS) Project, in which India partook on an equivalent balance."

Tending to industry affiliation FICCI, the Iranian Economic Affairs and Finance Minister Masoud Karbasian welcomed Indian business to put resources into Iran and exploit the fast financial development of the nation. "We trust that by marking the essential monetary and economic alliance, for example, the shirking of twofold assessment, supporting joint endeavor designs just as particular duties, would empower organizations to enter Iran with less deterrents," he said.

"Considering the positive result of the atomic arrangement, Iran has begun to assemble momentum...We have set a 8 percent monetary development target," he said. Refering to different points of interest of Iran, he stated, the nation has been a sheltered supplier for Indian oil organizations for bringing in petrochemical products.Chabahar is the image of multilateral travel collaboration, he stated, including that it is additionally a brilliant open door for venture for Indian corporates in the field of petrochemicals.