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India, Iran, Afghanistan finalize draft for new transit trade agreement

Soumya_india

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India, Iran and Afghanistan are moving closer. They have finalized a draft for a new transit trade agreement.
A planned land route that has been completed will run through Iran connecting Afghanistan to the Persian Gulf. It will connect Afghanistan to Iran’s Chabahar port. Chabahar port will facilitate the movement of goods from India into Afghanistan and Central Asia. This comes as India needed an alternative to reach Afghanistan to oversee the political hurdles put up by Pakistan. Observers say once this trilateral trade and transit agreement gets implemented it will enhance business opportunities in the region. During his visit to India earlier this year Iranian Foreign Minister Mohammed Javad Zarif held high level talks with his Indian counterpart Salman Khurshid and other senior government officials on speeding up the development of the Chabahar port and other issues related to the project. India is keen to diversify its sea trade routes but has had to face long delays. With this project now becoming a reality the Chabahar port will facilitate a shipping link between Iran and India.

PressTV - India, Iran, Afghanistan finalize draft for new transit trade agreement
 

SMStealth

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Hope the work starts quickly. This Chahbahar port saga has been running longer than the 'K' serials on Star Plus
 

Darmashkian

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India, Iran and Afghanistan come together for international transit corridor

India is looking to step up the pedal over its ambitious Chabahar port project in Iran by signing an international transit corridor agreement with Iran and Afghanistan.

One of the reasons why the port project is important for India as it will facilitate access to Afghanistan, bypassing Pakistan. Over the past 2 days, officials from the 3 countries have met to finalize agreement for a Chabahar transit corridor.

"We are looking at a trilateral transit corridor MoU," India's ambassador to Afghanistan Amar Sinha told TOI.

While India and Iran are developing the Chabahar port jointly, Sinha said, Afghan businesses are investing in the attached free trade zone where Iran has allotted land for Afghan investors.

For India, Chabahar port is an important initiative involving three partners, and is a critical alternate trade route for Afghanistan. What came as a shot in the arm for India was that the port was welcomed by all regional partners of Afghanistan at the VI RECCA (Regional Economic Cooperation Conference on Afghanistan) conference held in Kabul on September 4.

The transit corridor will be significant for Afghanistan too with President Ashraf Ghani declaring that his country wants to revitalize the Silk Road and act as a regional hub for connecting South Asia with Central Asia.

Indian officials said though that the primary motivation for the port and transit corridor was not bypassing Pakistan. "We are actually hoping that Pakistan too at some stage will join all trade and transit agreements being negotiated under Saarc by all other member nations?," said an Indian official.

After the latest round of talks for the corridor, Azer News quoted Iran officials as saying that along with other international corridors -- the North-South ITC, the Kyrgyzstan-Tajikistan-Afghanistan-Iran road corridor, and the so-called Ashgabat agreement on international transportation signed by Uzbekistan, Turkmenistan, Iran and Oman -- the construction of the Iran-India-Afghanistan international transit corridor will not only promote the development of regional trade, but also will be an important historical event.

India and Iran have already signed an MoU for the Chabahar port and it is likely to become operational by the end of next year.

The talks for trilateral transit corridor had started in 2013. Afghanistan is looking at the Chabahar port and the trilateral transit corridor to reduce its dependence on pakistan.

India and Iran want to increase the Chabahar port capacity from the current 2.5 million tonnes per year to 12.5 million tonnes per year.


India, Iran and Afghanistan come together for international transit corridor - The Times of India
 

Sinnerman108

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Hindu-stan wants to do every and anything possible to rival the China Pakistan corridor.

Keep trying !
 
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$@rJen

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Hindu-stan wants to do every and anything possible to rival the China Pakistan corridor.

Keep trying biach !

Its funny... because this project was planned way before than cpec...
go learn something.... And i don't understand why people boast about cpec.. do you people really think its going to make you economical power house???
 

Sinnerman108

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Its funny... because this project was planned way before than cpec...
go learn something.... And i don't understand why people boast about cpec.. do you people really think its going to make you economical power house???

Power house or no Power house.

It has caused Hindu-stan az$ pain is enough satisfaction.
 

$@rJen

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Power house or no Power house.

It has caused Hindu-stan az$ pain is enough satisfaction.

India worried not because cpec going to turn pakistan a power house ( i can laugh about it) but chinese building roads in Disputed territory and this route will be alternative if we or americans blockade the sea route incase of war..
 

farhan_9909

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TruthPrevails

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Why this transit deal between Iran,India and Afghanistan is signed almost every year?

In the similar threats list

2013 Deal Signed

Afghanistan, India and Iran to ink transit agreement

2014 Deal Signed

India, Iran, Afghanistan finalize draft for new transit trade agreement

Apart from this transit trade deal,can you guys tell me why in almost every single Pakistan economic debate with Afghanistan,they request us to give them land access to trade with india
just like in every forum you rant the kashmir issue cause its important for you, so do they cz trade is important for them.
 

Indus Pakistan

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Why this transit deal between Iran,India and Afghanistan is signed almost every year?

In the similar threats list

2013 Deal Signed

Afghanistan, India and Iran to ink transit agreement

2014 Deal Signed

India, Iran, Afghanistan finalize draft for new transit trade agreement

Apart from this transit trade deal,can you guys tell me why in almost every single Pakistan economic debate with Afghanistan,they request us to give them land access to trade with india

You missed some. Let me give you the correct details.

2002 - India, Iran, Afghanistan finalize draft for new transit trade agreement
2003 - India, Iran, Afghanistan finalize draft for new transit trade agreement
2004 - India, Iran, Afghanistan finalize draft for new transit trade agreement
2005 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2006 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2007 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2008 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2009 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2010-India, Iran, Afghanistan finalize draft for new transit trade agreement
2011 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2012 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2013 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2014 -India, Iran, Afghanistan finalize draft for new transit trade agreement
2015 -India, Iran, Afghanistan finalize draft for new transit trade agreement


Now things are realy taking off. We have gone from annual to monthly announcements.

Aug. 2015 -India, Iran, Afghanistan finalize draft for new transit trade agreement
Sept. 2015 -India, Iran, Afghanistan finalize draft for new transit trade agreement
 

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