Ashgabat agreement UPSC -Members ,Significance For India – Must Prepare -In February 2018, India had joined the Ashgabat Agreement.
India recently joined the Ashgabat Agreement, which was instituted in April 2011 to establish an international multimodal transport and transit corridor between Central Asia and the Persian Gulf.
- The Agreement was first signed by Uzbekistan, Turkmenistan, Iran, Oman and Qatar on 25 April 2011.
- While Qatar subsequently withdrew from the agreement in 2013, Kazakhstan and Pakistan joined the grouping in 2016.
- The Ashgabat Agreement came into force in April 2016.
- Its objective is to enhance connectivity within the Eurasian region and synchronise it with other regional transport corridors, including the International North–South Transport Corridor (INSTC).
What is Ashgabat Agreement?
- The Ashgabat agreement is a multimodal transport agreement that envisages the creation of an International Transport and Transit Corridor connecting Central Asia with the Persian Gulf. The corridor being multimodal will consist of road, rail and sea transport.
Main Objective of Ashgabat Agreement
- To Create A Green corridor.
- For vehicles to reduce the time spent at railway checkpoints for replacing wheel sets
- Create favourable conditions and effective schemes for storing and handling cargo
- Use of berths of sea ports.
- In order to increase the attractiveness of the routes as well as the volume of transit cargo, the group considered the issue of having a unified tariff for transit goods by rail.
- On March 23, 2016, India had formally conveyed its interest in acceding to the Ashgabat Agreement.
- On February 1, 2018, Turkmenistan, as the depository State of the Ashgabat Agreement, informed India ‘that all the four founding members have consented to the accession of India (to the agreement).”
- India will now provide information to the Coordinating Committee with respect to all the details on taxes, fees, tariffs and other payments levied at the ports and checkpoints.
Significance for India
- Better Connectivity To Central Asian Region
- Easing Trade Barriers
- Will Help India To Diversify Its Trade Market .
- Will Increase Indian Trade Basket Also .
- It will make it easier for India to tap the strategic and high-value minerals in Central Asia including uranium, copper coking coal, etc which will give a boost to India’s manufacturing economy
- Main think Is Link With Iran
- These Countries are Located Between India And Eurasia . After becoming Member Of this group India Will get Access To Eurasia Market.
- Iran is India’s gateway to Eurasia, and thus an important link in the International North South Transport Corridor (INSTC).
- More Connectivity To Eurasia
- This agreement will help in expanding India’s connectivity options with CIS region at large thus opening up new markets for India’s trade.
- India’s accession to Ashgabat Agreement will further pave the way for the integration process under the Eurasian Economic Union (EAEU) and Shanghai Cooperation Organization (SCO).
Ashgabat agreement UPSC -Members ,Significance For India – Must Prepare