What is Ashgabat Agreement?
The Ashgabat Agreement was signed in 2011 by Oman, Iran, Turkmenistan and Uzbekistan, with Kazakhstan joining later
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. Further, this would synchronise with our efforts to implement the International North South Transport Corridor (INSTC) for enhanced connectivity.
- About Ashgabat: Capital and the largest city of Turkmenistan in Central Asia
- Where? Situated between the Karakum Desert and the Kopet Dag mountain range
- About Agreement: aims to develop a shortest trade route between Central Asian countries and Iranian and Omani ports
- Initially signed among Uzbekistan, Turkmenistan, Iran, Oman and Qatar back in April 2011 and was given additional support in 2014 when a MoU was signed
- Iran-Turkmenistan-Kazakhstan (ITK) railway line will be the major route according to the Ashgabat Agreement, which became operational in 2014
- This was also included as part of India-funded North-South international transport corridor (NSITC)
The Ashgabat Agreement was signed in 2011 by Oman, Iran, Turkmenistan and Uzbekistan, with Kazakhstan joining later
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. Further, this would synchronise with our efforts to implement the International North South Transport Corridor (INSTC) for enhanced connectivity.
Joining the corridor will facilitate India's trade with the Eurasian
region, it was noted in the statement, as well as the the creation
of the International North South Transport Corridor (NSTC) between India
and Russia.
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