Ashgabat Agreement The Hindu

INDIA has acceded to the Ashgabat Agreement, which provides for the establishment of an international transport and transit corridor between Central Asia and the Persian Gulf for significant trade and investment. Participants welcomed India`s accession to the Ashgabat Agreement on the Establishment of an International Transport and Transit Corridor. India`s accession to the agreement will enter into force on Saturday. Following the cabinet`s agreement, India deposited the instrument of accession with Turkmenistan in April 2016. This agreement will also use the Turkmenistan-Afghanistan-Tajikistan (TAT) railway line from 2013, the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey transport corridor in 2014, the Iran-Turkmenistan-Kazakhstan railways and TRACECA (Transport Corridor Europe-Caucasus-Asia), which covers the EU and 14 states in Eastern Europe, the South Caucasus and Central Asia. While Qatar withdrew from the deal in 2013, Kazakhstan and Pakistan joined the group in 2016. The Ashgabat Agreement entered into force in April 2016. The aim is to improve connectivity within the Eurasian region and synchronise it with other regional transport corridors, including the International North-South Corridor (INSTC). “Turkmenistan, as the depositary state of the Ashgabat Agreement, today informed India that the four founding members have approved India`s accession (to the agreement),” the Foreign Ministry said. The multimodal transport agreement, signed by the governments of Kazakhstan, Uzbekistan, Turkmenistan, Iran, Pakistan, India and Oman to create an international transport and transit corridor facilitating the transport of goods between Central Asia and the Persian Gulf, is called the Ashgabat Agreement.