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Ashgabat agreement
February 3 , 2018
2359 days
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- India has been admitted into Agreement on the Establishment of an International Transport and Transit Corridor”.
- This agreement is also known as Ashgabat Agreement.
- India’s accession to the Agreement will enter into force on February 3, 2018.
About Agreement:
- The Ashgabat Agreement aims to develop a shortest trade route between Central Asian countries and Iranian and Omani ports.
- The Ashgabat Agreement has Oman, Iran, Turkmenistan and Uzbekistan as founding members. Subsequently Kazakhstan and Pakistan also formally joined the Ashgabat Agreement.
- The Iran-Turkmenistan-Kazakhstan (ITK) railway line will be the major route according to the Ashgabat Agreement and was also included as part of India-funded North-South international transport corridor (NSITC).
- Ashgabat is the capital the city of Turkmenistan.
- It situated between the Karakum Desert and the Kopet Dag mountain range.
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