CURRENT AFFAIRS

Detailed explanation-1: -Chabahar Port is a key trade port, providing Afghanistan with direct sea access. In May 2016, India, Iran and Afghanistan signed an agreement on the establishment of a Transit and Transport Corridor among the three countries using Chabahar Port as the regional hub for sea transportation.

Detailed explanation-2: -India took up the development of Shahid Beheshti terminal under a tripartite agreement on Chahbahar signed with Iran and Afghanistan in May 2016.

Detailed explanation-3: -In 2020, India utilised the Chabahar port to ship 75,000 MTs of wheat as humanitarian food assistance to Afghanistan. Since December 2018, when Indian company India Ports Global Limited (IPGL) took over the operations, the port has handled 215 vessels and 4 million tons of bulk and general cargo.

Detailed explanation-4: -The Chabahar port and corresponding Chabahar city are in Sistan-Baluchistan, a province that spans both Iran and Afghanistan.

Detailed explanation-5: -The corridor has led to a massive increase in India-Russia trade this year. Iran’s Deputy Foreign Minister Ali Bagheri Kani has said that the development of Chabahar Port is important for the completion of the International North South Transit Corridor (INSTC).