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New trilateral to deepen regional relations
April 30 , 2023
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- The first trilateral consultations between the Foreign Affairs Ministry of India, Armenia, and Iran took place in Yerevan, Capital of Armenia.
- They also discussed the International North-South Transport Corridor (INSTC).
- This is a freight corridor that connects India, Iran, and Russia.
- The goal of INSTC is reducing the time and cost of transporting cargo from Mumbai to Moscow.
- The INSTC agreement was originally signed in 2002 by Russia, Iran, and India and has since been expanded.
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