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Trilateral agreement on Chabahar port tomorrow

Trilateral agreement on Chabahar port tomorrow

May 22, 2016 - 19:04

KABULinfo-icon (Pajhwok): Leaders from Afghanistaninfo-icon, India and Iran are expected to sign on Monday an economically important trilateral agreement on Chabahar -- a strategic port in the Gulf of Oman on Iran’s southern coast with Afghanistan.

Indian Prime Minister Narendra Modi has reached Iran and the masterpiece of his visit is said to be the signing of the agreement on the development of Chabahar port.

Chabahar is an open sea-port in Iran’s Sistan Balochistan province. The port has a great capacity of shipping goods and services especially for a land-locked country like Afghanistan.

The Afghan government says the agreement on the port reached the signing stage after two technical meetings of representatives and experts from the three countries in New Delhi on 22/12/2015 and in Tehran on 11/04/2016.

A statement from the Presidential Palace said Afghanistan already had a bilateral transit trade agreement with Iran and the two countries benefited greatly from that agreement.

It said with the launch of trade via Chabahar port, Afghanistan could earn millions by shipping huge quantity of goods and services to Central Asia.

Afghanistan would become a trade corridor after Chabahar port became operational, the statement said.

President Ashraf Ghani is expected to sign the trilateral agreement with the Indian and Iranian leaders.

India will help develop the port, investing in the first phase around $200 million to develop terminals and cargo berths at Chabahar. In the next phase, India plans to build a 500-km railway line between Chabahar and Zahedan.



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