The latest current affairs as one 05 Feb 2018, we found the best question is What is Ashgabat Agreement?
Ashgabat Agreement is an international and transit corridor that facilitates movement of goods between Central Asia and the Persian Gulf.
Its name is named after Ashgabat, the capital of Turkmenistan, Iran Oman Turkmenistan and Uzbekistan is the founding country of this Agreement.
Founding members include Oman Iran Turkmenistan and Uzbekistan, on April 25, 2011, the four countries signed the Ashgabat Agreement and later this agreement also added to Kazakhstan.
What is the easy way to reach Russia Europe or Central Asia for India?
There was no such question until the partition of India in 1947.
But after Pakistan was formed, India closed almost all the way to Central Asia, despite all the efforts of India, Pakistan did not agree to transit Indian business vehicles, the rest of the way was so long and winding That the cost to send goods through them increases up to several times.
In such a case, it is important to find cheap transport routes. Chabahar port of Iran is the best option for India. Even the way through the sea can be easily reached.
After this, Afghanistan and Central Asian countries can be reached via road and rail route.
But transit of goods beyond Iran means it is necessary to transit the goods after connecting with the Ashgabat agreement, India will get transit route through its member countries. Then there will be direct connectivity to Chabahar’s International North-South Transport corridor.
India has joined the Ashgabat agreement, through which it will be able to reach India from the Persian Gulf to Central Asia and to transport the goods, this agreement will prove to be very helpful in delivering Indian product to Europe.it is being considered as another big step towards entering Central Asia through Iran.
By joining this agreement, India will help in increasing trade and business ties with the countries of the Central Asian region.
India has long been looking for alternatives to connectivity with Central Asia, bypassing Pakistan for India, it is almost impossible to reach Europe and Central Asia.
Meanwhile, India is preparing the options of China’s OBOR project; after today’s agreement, new routes will open for India
Ashgabat Agreement two-phase agreement
In the first phase, transport and transit corridor is to connect Uzbekistan Turkmenistan and Iran to the rail line.
In the second phase, the shipping corridor will be developed through the shipping route to the Bandar Abbas and Chabahar port of Iran.
History of agreement
The idea of developing transport and transit corridor between Uzbekistan-Iran-Oman-Qatar and other Arab countries settled in the Persian Gulf-was first considered by the then President of Uzbekistan Islam Karimov (incumbent 1991-2016).
Iran signed formal agreement on May 12, 2011, Iran signed on agreement may 12,2011, Turkmenistan approved the agreement in May 2011, Uzbekistan also apprised on June 13, 2011, After this, on August 6, 2011, the Foreign Ministers of Uzbekistan Iran and Oman of Uzbekistan signed an agreement to develop a transport corridor between Uzbekistan Turkmenistan Iran Oman and Qatar in Oman Muscat.
Qatar went out of this agreement in 2013, it was difficult to move forward on the agreement after went out of Qatar, and therefore the rest of the countries started working on it again on 15 February 2015 in a meeting held in Tehran with Kazakhstan join the Project.