India, Afghanistan and Iran finalize draft of Chabahar Trilateral Agreement on Transport and Transit Corridors

India, Afghanistan and Iran have finalized draft of the Chabahar Trilateral Agreement on Transport and Transit Corridors.

The text of the draft was finalized at the second technical meeting of experts from the three countries in New Delhi.

The agreement will be signed after completing necessary internal procedures in the three countries.

Key Points of Agreement

The Agreement envisions trilateral cooperation for providing alternative access to seas to Afghanistan, inter alia for Afghanistan’s trade with India.

When it will come into force it will significantly enhance utilization of Chabahar port, contribute to economic growth of landlocked Afghanistan, It will facilitate better regional connectivity including between India and connections to Afghanistan and Central Asia.

The Agreement will be a strategic bulwark for greater flow of people and goods among the three countries as well as other countries in the region.

Three parties also have agreed to establish a sub-committee within the framework of the agreement in order to provide protocols for transit, ports, customs issues and well as consular affairs.

Current Affairs 17th April, 2016
Highlights of Union Budget 2016-17
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