CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which countries India has signed a transit agreement to facilitate seamless transport of goods recently
A
Afghanistan, Oman
B
Iraq, Saudi arabia
C
Iran, Afghanistan
D
Iraq, Bahrain
Explanation: 

Detailed explanation-1: -India on Monday flagged off the first Intermodal Digital TIR Pilot Transport between India and Iran in INSTC which facilitates seamless and paperless cross-border transit of goods, under the customs guarantee of the TIR system.

Detailed explanation-2: -The multimodal transport agreement signed by the governments of Kazakhstan, Uzbekistan, Turkmenistan, Iran, Pakistan, India and Oman to create an international transport and transit corridor facilitating transportation of goods between Central Asia and the Persian Gulf, is called as Ashgabat Agreement.

Detailed explanation-3: -Upon receipt of approval of the Union Cabinet for India’s accession to the Ashgabat Agreement, India had deposited the Instrument of Accession with Turkmenistan in April 2016.

Detailed explanation-4: -In general, joining the Ashgabat Agreement would make it easier for India to reach out to Central Asia which houses strategic and high-value minerals including uranium, copper, titanium, ferroalloys, yellow phosphorus, iron ore, rolled metal, propane, butane, zinc, coking coal, etc.

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