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In order to boost cooperation in key areas of security, trade and energy, Prime Minister Narendra Modi today inked nine pacts with Iranian President Hassan Rouhani, including one on double taxation avoidance.
The two leaders also deliberated on regional situations during their wide-ranging talks.
"Both heavyweights held substantive & productive discussion on cooperation in trade & investment, energy, connectivity, defence & security & regional issues," External Affairs Spokesperson Raveesh Kumar tweeted.
Addressing a joint press event with Rouhani, PM said the visit by the Iranian president shows how both the sides want to deepen cooperation in key areas, including connectivity.
While giving the details of weighty conversation, PM said they discussed threats posed by terrorism, drug trafficking and other challenges.
On his part, Rouhani said, "We are dedicated to fight terrorism and extremism."
The Iranian president also said that regional conflicts must be resolved through diplomacy and political initiatives.
PM also praised the way the Iranian leader provided leadership in developing strategically-important Chabahar Port.
Apart from tax pact, the two sides also exchanged instrument to ratify the extradition treaty as well as to simplify visa process.
Earlier, Rouhani was given a ceremonial welcome at Rashtrapati Bhavan after which External Affairs Minister Sushma Swaraj called on Rouhani and discussed various issues with him.
(With agency inputs)