The port of Chabahar, Iran, has established a trade link between India and Afghanistan since 2017 without having to cross Pakistani territory.   The agreement between the three countries was first signed in 2015.  Background: India was authorized to conclude the agreement on the creation of an international transport and transit corridor between Iran, Oman, Turkmenistan and Uzbekistan, which is known as the Ashgabat Agreement on 25 April 2011. The four founding members approved India`s accession and India`s accession to the agreement will enter into force on February 3, 2018. The objective of this agreement is to improve connectivity within the Eurasian region and synchronize it with other transport corridors within the eurasian region, including the North-South International Corridor (INSTC). In addition to Turkmenistan, the other founding members of the agreement are Iran, Oman and Uzbekistan, and these countries signed the pact on April 25, 2011. Background: The government has introduced a bill amending the Money Laundering Act 2002 by Finance Act, 2018. The amendments are intended to further improve the effectiveness of the legislation, broaden its scope and address some of the procedural difficulties faced by enforcement management in the handling of PMLA files. Subject: Bilateral, regional and global groupings and agreements in which India participates and/or harm India`s interests. “Turkmenistan, as the custodian state of the Ashgabat agreement, today informed India that the four founding members have all accepted India`s (agreement) accession,” the Foreign Ministry said. The agreement will also use the 2013 Turkmenistan-Afghanistan-Tajikistan (TAT) rail line, the Afghanistan-Azerbaijan-Turkey transport corridor in 2014, the Iran-Turkmenistan-Kazakhstan-Kazakhstan-Kazakhstan and TRACECA (Europe-Caucasus-Asia corridor), including the EU and 14 countries in Eastern Europe, South Asia and Central Asia. INDIA HAS has joined the Ashgabat agreement, which provides for the establishment of an international transport and transit corridor linking Central Asia to the Persian Gulf to significantly boost trade and investment. India also signed a bilateral agreement with Tajikistan in 2015 to improve connectivity.
Kazakhstan, Tajikistan and Kyrgyzstan are already members of INSTC. India`s participation in Eurasian connectivity projects under the Ashgabat agreement will enable a more sustainable approach to the integration process within the EAEU and the Shanghai Cooperation Organization (SCO). In March 2016, the Indian government applied for permission to join the agreement. It obtained the approval of the founding members of the agreement before obtaining formal membership on February 3, 2018 In addition to the development of trade through the port of Chabahar in Iran, India wishes to explore the establishment of “air corridors” between India and five Central Asian nations, Foreign Minister S.