Ashgabat Agreement

Q.  Which of the following is/are true?

1) India has not approved to be a part of the Ashgabat Agreement.
2) The agreement is about international transport and transit corridor.
- Published on 25 Mar 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 2
 
  • The Union Cabinet has given its approval for India to accede to the Ashgabat Agreement, an international transport and transit corridor facilitating transportation of goods between Central Asia and thule Persian Gulf.
  • The Ashgabat Agreement has Oman, Iran, Turkmenistan and Uzbekistan as founding members. Kazakhstan has also joined this arrangement subsequently.
  • 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 synchronize with our efforts to implement the International North South Transport Corridor (INSTC) for enhanced connectivity.
  • India’s intention to accede to the Ashgabat Agreement would now be conveyed to the Depository State (Turkmenistan). India would become party to the Agreement upon consent of the founding members.

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