Chabahar Trilateral Agreement finalises

Chabahar Trilateral Agreement finalises

India, Afghanistan and Iran have finalised the text of Chabahar Agreement.

The Dollar Business Bureau

India, Afghanistan and Iran have finalised the text of the trilateral agreement of Chabahar (Chabahar Agreement) for developing international transport transit corridor, which will provide India access to Afghanistan through the Iranian port of Chabahar. The text has been finalised, in the 2nd technical meeting between the representatives of the three countries on April 11, New Delhi.

Situated in Sistan and Baluchistan province of the Islamic Republic of Iran, the Port of Chabahar will help in facilitating maritime trade between the countries of the region. The port will also considerably reduce the transportation cost of commercial goods in the region.

Situated in the Gulf of Oman, the route via Chabahar port to Afghanistan will provide India the much-needed access to send goods to Afghanistan and regions of Central Asia, bypassing Pakistan.

The announcement of the finalisation of the Agreement came after the visit of Indian Foreign Minister Sushma Swaraj to Iran, on April 16, where she discussed the participation of India in Chabahar Port and other matters related to connectivity and energy cooperation. 

A release by the Ministry of External Affairs of India stated that when the agreement comes into effect it will considerably enhance the use of Chabahar Port, contribute to Afghanistan’s economic growth and facilitate better connectivity between the region, especially India’s connectivity to Afghanistan as well as Central Asia.

“The agreement will be a strategic bulwark for larger flow of goods and people between the three nations and the region,” it added.

The statement said the trilateral agreement to be expedited at a high level after finishing the essential internal procedures in the three countries.

The Dollar Business Bureau - Apr 18, 2016 12:00 IST