New Delhi, Jan. 13 -- The Indian exporting community remains watchful yet composed following US President Donald Trump's announcement of a 25 per cent tariff on Iran's trading partners, as stakeholders emphasise that current bilateral trade primarily involves humanitarian goods already exempt from existing sanctions.

Speaking to ANI, Ajai Sahai, CEO & DG of the Federation of Indian Export Organisations (FIEO), said he is not unduly concerned about the statement, as Indian industry and banks deal only with Iran on goods that fall outside the scope of US OFAC sanctions.

He noted that India's trade with Iran is centred on humanitarian products, primarily food items and pharmaceuticals. "What we are dealing with Iran are the goods which are...