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Chabahar port operational: Iran Foreign Minister Mohammad Javad Zarif

Discussion in 'Central & South Asia' started by Cobra Arbok, Sep 28, 2018.

  1. Cobra Arbok

    Cobra Arbok BANNED

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    Chabahar port operational: Iran Foreign Minister Mohammad Javad Zarif
    News Agencies | Updated on: 27 September 2018, 11:16 IST
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    chabahar port

    Iranian Foreign Minister Mohammad Javad Zarif on Wednesday (local time), while acknowledging the importance of India's presence in Chabahar, confirmed that the port in the region is operational. He further said that Indian shipments have already gone through Chabahar to Afghanistan.

    "We have good cooperation in the area of shipping and transportation. Indian presence in Chabahar is very important. We have comprehensive cooperation with India which also includes energy cooperation because Iran has always been a reliable source of energy for India. Chabahar is operational right now. Indian shipments to Afghanistan have already gone through Chabahar. We expect Chabahar to become even larger with more capacity. We hope India and other investors would come to Chabahar and invest for the expansion of the port facility," he told ANI.


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    Zarif, who held bilateral talks with External Affairs Minister Sushma Swaraj, expressed keenness in expanding ties with India in terms of economy and various other fields.

    "Our Indian friends have always been categorical in terms of their intention to continue economic cooperation and import of oil from Iran," he added.

    Earlier in the month, Iranian Minister of Roads and Urban Development Abbas Akhoundi had said that Iran would soon hand over Chabahar Port to India for operation and maintenance purposes.

    The Chabahar port complex is expected to pave the way for millions of dollars in trade and is being developed as part of a new transportation corridor for land-locked Afghanistan. Both India and Iran signed an agreement worth USD 85 million to develop the port in south-eastern Iran.

    Meanwhile, Zarif opined that the policy pursued by the Donald Trump administration with regards to the imposition of sanctions on Iran would only lead to further isolation.

    "The international community is almost unanimous in rejecting the sanctions. Today, President Trump convened a meeting of the Security Council that turned out to be a theatre which didn't show success but showed isolation. Everybody supported the nuclear deal and insisted on the need for full implementation of the nuclear deal. I think the policy pursued by this administration in Washington will only lead to further isolation," he noted.

    Zarif's remark comes a day after Iranian President Hassan Rouhani lashed out at the sanctions reinstated by the United States administration, saying they amounted to "economic terrorism" and "economic war".

    In 2015, six countries - Iran, US, Britain, Germany, Russia, France, and China- signed the Iran nuclear deal, for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme.

    However, Trump announced the US' withdrawal from the Joint Comprehensive Plan of Action (JCPOA) or the Iran nuclear deal in May, which limited the country's uranium enrichment in exchange for sanctions relief.

    Calling the accord as an "embarrassment" that was "defective at its core", the US President then warned of severe consequences if Iran resumed its nuclear programme.

    -PTI


    First published: 27 September 2018, 11:16 IST


    It is funny how Pakistanis keep on raving about how Chabahar will never succeed because of US sanctions and how amazing CPEC is yet CPEC projects keep on failing while Chabahar and the INSTC have been successful and keep on expanding. And they actually think Gwadar will replace Dubai by 2030 lol
     
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  2. Maxpane

    Maxpane SENIOR MEMBER

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    Congrats to iran hope they will not feel irritation when k S A starts investment in Gawader
     
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  3. Cobra Arbok

    Cobra Arbok BANNED

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    Hopefully KSA investment will benefit Pakistan's economy. It looks like IK thinks Saudi and Chinese loans are more favorable than IMF loans. We will just have to wait and see what happens
     
    Last edited: Sep 28, 2018
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  4. Maxpane

    Maxpane SENIOR MEMBER

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    May be it would fdi instead of loan . For loan our government open all doors even for imf so nothing concrete about loans
     
  5. Cobra Arbok

    Cobra Arbok BANNED

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    To be honest, Saudi, China, and maybe Turkey seem to be the only countries investing significant FDI in Pakistan. As for loans, it looks like the IK government is trying to turn Pakistan away from reliance on western countries and NGOs (IMF, World Bank, etc.) I am pretty sure Pakistan will take loans from AIB though, and maybe the BRICS New Development Bank.
     
  6. Maxpane

    Maxpane SENIOR MEMBER

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    May be because now situation is change we have to protect our interest first
     
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  7. manga

    manga FULL MEMBER

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    Where is our in house singer. Please sing chah bahar song for us.
     
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  8. Cobra Arbok

    Cobra Arbok BANNED

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    Will this do?
     
  9. manga

    manga FULL MEMBER

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  10. Cobra Arbok

    Cobra Arbok BANNED

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    I wonder if CPEC has its own song
     
  11. khansaheeb

    khansaheeb SENIOR MEMBER

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    Wait and see, any country with good economic and business sense will invest in Pakistan, these are the first countries and they making colossal investments.
     
  12. Aryan0395

    Aryan0395 FULL MEMBER

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    FDI by KSA in CPEC doesnt make sense unless china agrees to share the revenue with KSA proportionally. Pak cant make all the decision since China is the one funding it.
    Other FDI route could be that Pak gives cut to KSA from it shares in lieu of FDI, China shouldnt have objection to it as long as their share doesnt take a hit.
    If its not done then loan it is. Personally i think IMF loan would have been a better option. Yes it comes with a lot of caveat but it also makes sure that project ends being financially viable and the loan money isnt lost.