CURRENT AFFAIRS

Detailed explanation-1: -Earlier this year, India, Afghanistan, and Iran had mutually agreed upon a set of trilateral agreements which is known as the Chabahar agreement. Provisions of the Long-Term Agreement. The terms of the agreement would allow India access to Afghanistan via the Iranian port of Chabahar which is on the Gulf of Oman.

Detailed explanation-2: -Until now, India has been regarded as an emerging power attempting to become a global power. In 2023, India will have the opportunity to articulate the significance of Chabahar Port in improving the North-South transit.

Detailed explanation-3: -The bilateral agreement between India and Iran gives India the right to develop two berths of the Chabahar port as agreed in 2015 and allows them to be operated for 10 years by India Ports Global, a joint venture between Jawaharlal Nehru Port Trust and Kandla Port Trust, in partnership with Iran’s Aria Banader.

Detailed explanation-4: -However, India’s trade with Afghanistan and Central Asia has long been hindered by an inability to access land routes through Pakistan. The development of Iran’s new port at Chabahar has transformed India’s trading prospects by allowing India a trade route bypassing Pakistan altogether.