India-Iran-Afghanistan Current Affairs - 2020

US-Iran: Four Nuclear Restrictions renewed by US

On March 30, 2020, the US renewed four nuclear restrictions imposed on Iran. The restrictions were imposed to prevent Iran from building its nuclear programme.

Highlights

The nuclear restrictions on Iran imposed by the US has been renewed for another 60 days. The decision makes it harder for Iran to work on its Nuclear programme amidst the threat of COVID-19.

US-Iran

US and Iran signed Joint Comprehensive Plan of Action that aimed at curbing nuclear programme of Iran in 2015. Under the deal, most of Iran’s Uranium were shipped out of the country. Several operational nuclear operations of Iran were brought under international inspection. Also, a heavy water facility was made inoperable.

How is India affected?

Sanctions and hinderances to trade in Iran will affect India’s oil imports greatly. When US pressurized in similar way to cut oil imports from Venezuela. This had then affected India’s oil trade greatly.

Also, India has big plans to reach Central Asia through Chabahar port, which India is developing in Iran. These restrictions affect India’s ambitions.

India, Afghanistan and Iran met to discuss on Chabahar port

On December 20, 2019, India, Afghanistan and Iran met at New Delhi to discuss the issues in the implementation of Chabahar port in Iran. The port is considered as a gateway of opportunities with Central Asian Nations by all the three countries.

Highlights

The work of the Chabahar port is being conducted by the Port Global Ltd Company and the progress of the project was welcomed by all three countries. It was also agreed to include Mormugoa and New Mangalore ports of India under the Chabahar Agreement. It was also decided that a study will be conducted by Freight Forwarder Association in India to streamline the cargo transit in the country. The professionals of the meet also agree to finalize a protocol to harmonize transit of goods, consular matters and customs and till then the TIR convention is to be used.

Port Exports

The meeting also high lightened that the port has handled 5 lakh tons of cargo in 2019. It includes exports from Afghanistan from the port that began in February 2019.

The first meeting of the committee was held in October 2018. The third meeting is to be held in the first half of 2020.