Ashgabat agreement
Context: India has been admitted to Agreement on the Establishment of an International Transport and Transit Corridor” between Iran, Oman, Turkmenistan and Uzbekistan signed on April 25, 2011, known as the Ashgabat Agreement. All the four founding members have consented to the accession of India and India’s accession to the Agreement will enter into force on February 3, 2018.
Significance of this accession:
Accession to the Agreement would diversify India’s connectivity options with Central Asia and have a positive influence on India’s trade and commercial ties with the region. It also assumes significance given Beijing’s One Belt, One Road (OBOR) initiative of which the China Pakistan Economic Corridor (CPEC), that leads to Gwadar port in Pakistan passing through Pakistan-administered Kashmir, is a major part. India’s stand has been that while it is all for connectivity, such initiatives should respect the territorial integrity of other countries.
About Ashgabat agreement:
The Ashgabat Agreement aims to develop a shortest trade route between Central Asian countries and Iranian and Omani ports. The Ashgabat Agreement has Oman, Iran, Turkmenistan and Uzbekistan as founding members. Kazakhstan has also joined this arrangement subsequently. In October 2016, Pakistan also formally joined the Ashgabat Agreement.
The Iran-Turkmenistan-Kazakhstan (ITK) railway line will be the major route according to the Ashgabat Agreement, which became operational in December 2014 and was also included as part of India-funded North-South international transport corridor (NSITC).
Facts for Prelims:
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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Context: India has been admitted to Agreement on the Establishment of an International Transport and Transit Corridor” between Iran, Oman, Turkmenistan and Uzbekistan signed on April 25, 2011, known as the Ashgabat Agreement. All the four founding members have consented to the accession of India and India’s accession to the Agreement will enter into force on February 3, 2018.
Significance of this accession:
Accession to the Agreement would diversify India’s connectivity options with Central Asia and have a positive influence on India’s trade and commercial ties with the region. It also assumes significance given Beijing’s One Belt, One Road (OBOR) initiative of which the China Pakistan Economic Corridor (CPEC), that leads to Gwadar port in Pakistan passing through Pakistan-administered Kashmir, is a major part. India’s stand has been that while it is all for connectivity, such initiatives should respect the territorial integrity of other countries.
About Ashgabat agreement:
The Ashgabat Agreement aims to develop a shortest trade route between Central Asian countries and Iranian and Omani ports. The Ashgabat Agreement has Oman, Iran, Turkmenistan and Uzbekistan as founding members. Kazakhstan has also joined this arrangement subsequently. In October 2016, Pakistan also formally joined the Ashgabat Agreement.
The Iran-Turkmenistan-Kazakhstan (ITK) railway line will be the major route according to the Ashgabat Agreement, which became operational in December 2014 and was also included as part of India-funded North-South international transport corridor (NSITC).
Facts for Prelims:
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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