Ashgabat Agreement India

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. The objective of this agreement is to improve connectivity within the Eurasian region and synchronize it with other transport corridors within this region, including the International North-South Corridor (INSTC). The GOI requested permission to accede to the Agreement in March 2016. It obtained the agreement of the founding members of the agreement before being adopted on 3 The multimodal transport agreement signed by the governments of Kazakhstan, Uzbekistan, Turkmenistan, Iran, Pakistan, India and Oman for the creation of 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. The Ashgabat Agreement is a multimodal transport agreement that provides for the creation of an international transport and transit corridor linking Central Asia to the Persian Gulf. The multimodal corridor will consist of road, rail and maritime transport. In 2016, India deposited the instrument of accession with Turkmenistan and its accession to the agreement was approved by the founding members of the Ashgabat Agreement on 1 February 2018. India also signed a bilateral agreement with Tajikistan in 2015 to improve connectivity. Kazakhstan, Tajikistan and Kyrgyzstan are already members of INSTC. India`s participation in Eurasian connectivity projects under the Ashgabat Agreement will help to approach the integration process in a more practical way within the framework of EAWU and the Shanghai Cooperation Organization (SCO).

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] On March 23, 2016, India officially declared its interest in acceding to the Ashgabat Agreement. On February 1, 2018, Turkmenistan, as the depositary state of the Ashgabat Agreement, informed India “that the four founding members have accepted India`s accession (the agreement)”.