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India to Join Ashgabat Agreement Trade Corridor

© AFP 2022 / MONEY SHARMA Indian residents photograph India's tallest flag as it is unveiled in Faridabad on the outskirts of New Delhi on March 3, 2015
Indian residents photograph India's tallest flag as it is unveiled in Faridabad on the outskirts of New Delhi on March 3, 2015 - Sputnik International
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The Indian Union Cabinet approved for India to accede to the Ashgabat Agreement, an international transport and transit corridor facilitating the transportation of goods between Central Asia and the Persian Gulf, according to official statement.

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MOSCOW (Sputnik) — The Indian government has approved the country's accession to the Ashgabat Agreement, the Indian Union Cabinet said on Wednesday.

"The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for India to accede to the Ashgabat Agreement, an international transport and transit corridor facilitating the transportation of goods between Central Asia and the Persian Gulf," the government said in a press release.

The transit agreement provides for a transit corridor across Central Asia and the Middle East through the continuous landmass between Kazakhstan, Uzbekistan, Turkmenistan and Iran before reaching the Persian Gulf and into Oman.

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Joining the corridor will facilitate India's trade with the Eurasian region, it was noted in the statement, as well as the  the creation of the International North South Transport Corridor (NSTC) between India and Russia.

India's membership bid now awaits the approval of the original parties to the Agreement.

The Ashgabat Agreement was signed in 2011 by Oman, Iran, Turkmenistan and Uzbekistan, with Kazakhstan joining later.

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