S Jaishankar responded to the US warning, emphasizing the significance of the Chabahar Port agreement between Iran and India. He highlighted the successful resolution of various issues and the completion of a long-term agreement, stating that the port operation will be advantageous to the entire region.
The Chabahar Port serves as a vital transit port for trade with Afghanistan and Central Asian nations, with India making substantial investments to enhance its infrastructure and amenities for seamless transit of Indian products. India’s External Affairs Minister, S Jaishankar, responded to the US warning, emphasizing the significance of the Chabahar Port agreement between Iran and India.
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He highlighted the successful resolution of various issues and the completion of a long-term agreement, stating that the port operation will be advantageous to the entire region. The Chabahar Port serves as a vital transit port for trade with Afghanistan and Central Asian nations, with India making substantial investments to enhance its infrastructure and amenities for seamless transit of Indian products.
S Jaishankar, the minister of external affairs, responded to the US warning that ‘anyone’ thinking about doing business with Tehran should be mindful of the ‘potential risk of sanctions.’
Kolkata: External Affairs Minister S Jaishankar emphasized that the project will help the entire region and people should not take a ‘narrow view’ of it a day after the US warned of a ‘potential risk of sanctions’ following India’s signing of a 10-year agreement to administer the Chabahar Port in Iran.
He added that the US had previously recognized the more significant importance of Chabahar.
The EAM was addressing a gathering following the publication of his book in Bangla, “Why Bharat Matters’ on Wednesday in Kolkata.
When questioned about the comments made by the US, Mr. Jaishankar responded, ‘I saw some of the remarks that were made, but I think it’s a question of communicating, convincing and getting people to understand that this is actually for everyone’s benefit.’ People shouldn’t have a limited perspective on things, in my opinion.’
In the past, they (the US) have not done so. Thus, the way you are going to discover that the US has been appreciative of Chabahar’s higher relevance if you look at the US’s personal point of view on the port there. We will continue to work toward that; he continued.
He highlighted the successful resolution of various issues and the completion of a long-term agreement, stating that the port operation will be advantageous to the entire region. The Chabahar Port serves as a vital transit port for trade with Afghanistan and Central Asian nations, with India making substantial investments to enhance its infrastructure and amenities for seamless transit of Indian products.
The United States issued a warning earlier on Tuesday, saying that ‘anyone’ thinking about doing business with Tehran should be mindful of the ‘possible risk of sanctions.’ ‘I am simply going to say…US sanctions on Iran remaining in place and we are going to keep applying them,’ Vedant Patel, the principal deputy spokeswoman for the US State Department, stated at the press briefing.
‘Any entity, anyone contemplating engaging in business with Iran, they need to be aware of the possibility of risk they are opening their own beauty up to, potential risk of sanctions,’ he stated.
All that week, the shipping terminal & Maritime Organization (PMO) of Iran and Indian Ports Global Limited (IPGL) inked a Long-Term Bilateral Contract on Chabahar Port Operation, allowing Shahid-Behesti port to operate within the framework of the Chabahar Port The growth process Project for a decade.
Additionally, Mr. Jaishankar stated that although India had a lengthy history with the project, it was unable to sign a long-term agreement, which was crucial. He continued by saying that since the long-term agreement that New Delhi inked was able to address the issues, it will benefit the whole region.
Although we have known the Chabahar Port for a long time, we were never able to reach a long-term contract. The Foreign Minister stated, The reason was…there were various issues on the Iranian end…the joint-venture partner changed, the condition changed.
‘We were finally able to resolve this and complete the long-term agreement,’ he continued. Since the shipping industry cannot be greatly enhanced without it, a comprehensive agreement is crucial. We also think that the port operation will be advantageous to the whole region.
S Jaishankar
An important project between Iran and India, the Chabahar Port acts as an significant landlocked transit port for trade with Afghanistan and Central Asian nations. The building and operation of Chabahar Port have involved a major contribution from India.
