profile visit since the introduction of Taiwan Travel Act. In August 2022, the US House Speaker, Nancy Pelosi visited the island, an act that was strongly condemned by China. Venezuela In 2007, the Venezuelan government refused to renew visas for five members of the ROC commercial representation in Caracas. Relations with Venezuela have worsened because of the increasing partnership between the socialist government of Hugo Chávez and the People's Republic of China, which has led to a more overt rejection of the Taiwan's legitimacy by Venezuela. During the 2019 Venezuelan presidential crisis, Taiwan has been supportive of Juan Guaidó and the opposition-led National Assembly. Asia Bangladesh Bangladesh has had limited bilateral exchanges with the ROC since it declared independence in 1971. Bangladesh is the ROC's second largest South Asian trading partner in spite of a global slump. Bangladesh mainly exports garments, knitwear, jutes, leathers and handicrafts to the ROC and imports an assortment of textiles, machines, electronics, steels, and plastic. India Leadership meetings between ROC and India were carried out in the early 1940s before Indian independence from Great Britain. The ROC is included in India's Look East policy. Bilateral relations between India and the ROC improved starting from the 1990s, despite the absence of official diplomatic relations. India recognises only the PRC. However, economic and commercial links as well as people-to-people contacts have expanded. Like the PRC, the ROC disputes the Chinese border with India over Arunachal Pradesh. The ROC Constitution declares this area a part of South Tibet, and disputes the validity of the McMahon Line. Iran On 1 June 1920, a friendship agreement was signed between the ROC and Iran. Ratifications were exchanged on 6 February 1922, with effect on the same day. These relations came to an end in 1971 as Iran recognised Beijing. During Iran-Iraq war Taiwan was one of the only few countries that solely supported Iran. Iran and Taiwan have a significant relationship in commerce and Taiwan imports a significant amount of its oil from Iran. An Iranian newspaper in December 2022 wrote on its front-page that Taiwan has a “legal right” to independence.<ref>{{cite web|url=https://www.taipeitimes.com/News/front/archives/2022/12/15/2003790744 |title=Text Taiwan has right to independence: Iranian newspaper,15 December 2022}}</ref> Israel Due to the One China policy, Israel and Taiwan do not have formal diplomatic relations but each has a representative office in the other country and in practice the two countries have friendly relations. There is considerable