India-International Relations Current Affairs

India sends first wheat shipment to Afghanistan via Chabahar por

India has flagged off shipment of wheat for Afghanistan through Iran’s Chabahar port. It was flagged off from Kandla port in Gujarat by External Affairs Minister Sushma Swaraj and her Afghan counterpart Salahuddin Rabbani through video conferencing.

Key Facts

Chabahar port is strategically located in Sistan-Balochistan province on energy-rich Iran’s southern coast in Gulf of Oman near its border with Pakistan and can be easily accessed from India’s western coast.

The first consignment transfer was part of India’s commitment to send 1.1 million tonnes of wheat to Afghanistan on grant basis. Afghanistan will receive entire amount in six different instalments over coming months. The consignment will be transported to Afghanistan from Chabahar through land route.

Significance

The shipment of wheat is considered as landmark moment as it paves way for operationalisation of Chabahar port as an alternate, reliable and robust connectivity for landlocked Afghanistan, bypassing Pakistan.

It is first shipment going to Afghanistan through Chabahar port after trilateral agreement on Establishment of International Transport and Transit Corridor was signed between India, Afghanistan and Iran during Prime Minister Narendra Modi’s visit to Iran in May 2016.

The operationalisation of Chabahar port will open up new opportunities for trade and transit from and to Afghanistan and enhance trade and commerce between India, Afghanistan and Iran and wider region in wake of Pakistan denying transit access to New Delhi for trade with the two countries.

Tags:

India, Brazil, South Africa sign IBSA Trust Fund agreement

India, Brazil and South Africa (IBSA) have signed the IBSA Trust Fund Agreement that seeks to fight poverty in developing countries. It was signed at the 8th IBSA trilateral Ministerial Commission Meeting in Durban, South Africa.

IBSA Trust Fund

It brings together the three emerging economies of India, Brazil and South Africa to combat poverty in other developing countries. Each country will contribute US $1 million annually to this fund which is managed by the UN Development Programme’s (UNDP) Special Unit for South-South Cooperation.

IBSA Dialogue Forum

The IBSA (India, Brazil and South Africa) Dialogue Forum is an international tripartite grouping for promoting international cooperation among these countries. It was launched in June 2003. It brings together three large democracies and major economies from three different continents namely, Africa, Asia and South America that represents three important poles for galvanizing South-South cooperation.

The forum provides the three countries platform to engage in discussions for cooperation in the field of agriculture, trade, culture, and defence among others. It has become instrumental for promoting closer coordination on global issues between three large multicultural and multiracial democracies and also contributed to enhancing trilateral cooperation in sectoral areas.

Cooperation in IBSA is on three fronts

  • Forum for consultation and coordination on global and regional political issues, such as reform of global institutions of political and economic governance, WTO/Doha Development Agenda, climate change, terrorism etc.
  • Trilateral collaboration on concrete areas and projects, through 14 working groups and 6 People-to-People (P2P) Forums, for the common benefit of three countries
  • Assisting other developing countries by taking up projects in the latter through IBSA Fund.

Tags:

12345...102030...259