India enters Ashgabat agreement

Monitoring Desk
Friday - February 2, 2018
NEW DELHI (India): Indian foreign office (FO), in a statement on Thursday, confirmed India’s admission to agreement on the establishment of an international transport and transit corridor between the governments of the Islamic republic of Iran, the sultanate of Oman, Turkmenistan and the republic of Uzbekistan signed on April 25, 2011, popularly known as the Ashgabat agreement.

According to detail, Turkmenistan, as depository State of Ashgabat agreement, informed India on Thursday that all the four founding members have consented to the accession of India and that India’s accession to the agreement will enter into force on February 3, 2018.

Ashgabat agreement envisages facilitation of transit and transportation of goods between central Asia and the Persian Gulf.

Accession to the agreement will diversify India’s connectivity options with central Asia and will have a positive influence on India’s trade and commercial ties with the region.

Upon receipt of approval of the union cabinet for India’s accession to the Ashgabat agreement, India had deposited the instrument of accession with Turkmenistan in April 2016.