Ashgabat Agreement Explained

The port of Chabahar, Iran, has created since 2017 a trade link between India and Afghanistan without having to cross pakistani territory. [13] [14] The agreement between the three countries was first signed in 2015. [15] The multimodal transport agreement signed by the governments of Kazakhstan, Uzbekistan, Turkmenistan, Iran, Pakistan, India and Oman, with a view to creating an international transport and transit corridor facilitating the transport of goods between Central Asia and the Persian Gulf, is called the Ashgabat Agreement. Main GS-II (Indian Polity & International Relations) is an important topic for the audit of IAS, the Aschgabat agreement. India recently acceded to the Ashgabat Agreement, which was introduced in April 2011 to establish an international multimodal and transit transport corridor between Central Asia and the Persian Gulf. The agreement was first concluded on 25 April 2011 signed by Uzbekistan, Turkmenistan, Iran, Oman and Qatar on 4 April 2011. While Qatar withdrew from the deal in 2013, Kazakhstan and Pakistan joined the group in 2016. The Ashgabat Agreement entered into force in April 2016. The aim is to improve connectivity within the Eurasian region and synchronise it with other regional transport corridors, including the International North-South Corridor (INSTC). INDIA has acceded to the Ashgabat Agreement, which provides for the establishment of an international transport and transit corridor between Central Asia and the Persian Gulf for significant trade and investment. The Ashgabat agreement will also help secure India`s energy demand by diversifying the import market. However, India should not limit itself to increasing trade and commerce, but should aim to improve investment and services and connect raw material sources, production centres and markets between India and the Eurasian region as a whole. In addition to Turkmenistan, the other founding members of the agreement are Iran, Oman and Uzbekistan, which signed the pact on April 25, 2011.

The agreement was originally signed on 25 April 2011 by Iran, Oman, Qatar, Turkmenistan and Uzbekistan. Qatar then withdrew from the agreement in 2013, the same year as Kazakhstan`s application for membership, which was finally approved in 2015. [6] [7] Pakistan has also acceded to the agreement since November 2016. [8] [9] India officially joined in February 2018. .