Afghanistan would no longer depend on Pakistan for transit trade with the opening of the strategic Chabahar Port, a top Afghan leader has said.
Chabahar Port, located in the Sistan-Balochistan province on the energy-rich Persian Gulf nation’s southern coast, lies outside the Persian Gulf and is easily accessed from India’s western coast, bypassing Pakistan.
The port will help ramp up trade between India, Afghanistan and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries.
India has been closely working with Afghanistan to create alternate and reliable access routes, bypassing Pakistan.
“Afghanistan used to rely only on one transit road, which was through Karachi. That is not the case anymore. (Now) its (also) through Chabahar,” Afghan Chief Executive Abdullah Abdullah said.
As per the agreement signed between India and Iran in May last year, India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of $85.21 million and annual revenue expenditure of $22.95 million on a ten-year lease.
Afghanistan in the near future would also have trade transit route through Central Asia that would connect the country with Europe. Read More…
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