2nd India-Iran-Armenia Trilateral Talks in New Delhi
The second round of India-Iran-Armenia Trilateral Consultations occurred recently in New Delhi, centered on enhancing the International North-South Transport Corridor (INSTC) and the strategic importance of Chabahar Port. This meeting was built on the first consultation held in Yerevan in April 2023.
Objectives of the Consultations
The primary aim was to improve connectivity among the three nations. Participants discussed enhancing trade, tourism, and cultural exchanges. They also emphasized the need for collaboration in international forums to address regional challenges.
Key Agreements
All parties acknowledged the significance of robust cooperation under the INSTC framework. They brought into light Chabahar Port’s very important role in facilitating trade routes. Armenia introduced its “Crossroads of Peace” initiative, aimed at improving regional connectivity.
India was represented by J.P. Singh, Joint Secretary of the PAI Division. Iran’s delegation was led by Hashem Ashja’ Zadeh, Director General of the South Asia Division. Armenia’s team was headed by Anahit Karapetyan, Head of the Asia-Pacific Department.
Armenia’s Commitment to INSTC
Armenia took step towards joining the INSTC by approving a $200 million loan for the Kajaran tunnel project. This initiative aims to enhance connectivity with Iran and facilitate access to the INSTC.
Routes and Infrastructure Developments
The INSTC features three main routes near the Caspian Sea. These include the Trans-Caspian Route, the Eastern Route, and the Western Route. Azerbaijan is working to optimise infrastructure for faster transit from Mumbai to St. Petersburg.
Countries like Uzbekistan are expressing interest in utilising the INSTC and Chabahar Port for better market access. The INSTC serves as an alternative to China’s Belt and Road Initiative, which India opposes due to its passage through disputed territories.
GKToday Facts for Exams:
- INSTC: The International North-South Transport Corridor connects India, Iran, and Russia. It aims to facilitate trade and reduce transit times between these regions through established routes.
- Chabahar Port: Located in Iran, Chabahar Port serves as a strategic gateway for India to access Afghanistan and Central Asia. It plays a vital role in enhancing regional connectivity.
- Kajaran Tunnel: Armenia’s Kajaran tunnel project, funded by a $200 million loan, aims to improve connectivity with Iran. It is important infrastructure development for the INSTC initiative.
- Crossroads of Peace: Armenia’s “Crossroads of Peace” initiative focuses on enhancing regional connectivity. It aims to promote trade and cultural exchanges among neighbouring countries through improved infrastructure.
Month: Current Affairs - December, 2024
Category: International / World Current Affairs