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India to Accede to the Ashgabat Agreement
Mar 31, 2016

The Government of India has given its approval to accede to the Ashgabat Agreement, an international transport and transit corridor facilitating transportation of goods between Central Asia and the Persian Gulf.

  • The Ashgabat Agreement has Oman, Iran, Turkmenistan and Uzbekistan as founding members.
     
  • Kazakhstan has also joined this arrangement subsequently.
     
  • Accession to the Agreement would enable India to utilise this existing transport and transit corridor to facilitate trade and commercial interaction with the Eurasian region.
     
  • This would synchronise with our efforts to implement the International North South Transport Corridor (INSTC) for enhanced connectivity.
     
  • India’s intention to accede to the Ashgabat Agreement would now be conveyed to the Depository State (Turkmenistan).
     
  • India would become party to the Agreement upon consent of the founding members.

Ashgabat Agreement

  • The Ashgabat Agreement, which aims to develop a shortest trade route between Central Asian countries and Iranian and Omani ports, was initially signed among Uzbekistan, Turkmenistan, Iran, Oman and Qatar back in April 2011 and was given additional support in 2014 when a Memorandum of Understanding was signed.
     
  • Qatar withdrew from the agreement in 2013.

Ashgabat, known as Poltoratsk between 1919 and 1927, is the capital and the largest city of Turkmenistan in Central Asia, situated between the Karakum Desert and the Kopet Dag mountain range.


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