India, Uzbekistan agree to take advantage of full potential of Chabahar port for commerce

India and Uzbekistan on Wednesday agreed to take advantage of the complete potential of the Chabahar port for commerce between the 2 international locations as they held intensive talks specializing in larger bilateral financial ties.

The 2 sides additionally agreed to take steps to reinforce connectivity to spice up commerce through the fifteenth spherical of India-Uzbekistan International Workplace Consultations that came about in Delhi.

“Through the consultations, either side undertook a complete evaluate of the state and prospects of bilateral cooperation together with political, safety, trade-economic, connectivity, growth partnership, humanitarian and cultural spheres,” the Ministry of Exterior Affairs (MEA) mentioned.

It mentioned the talks significantly targeted on larger financial cooperation and steps to reinforce connectivity between India and Uzbekistan.

“Each side agreed to take advantage of the complete potential of Chabahar port for commerce between the 2 international locations,” it mentioned in an announcement.

Situated within the Sistan-Balochistan province on the energy-rich Iran’s southern coast, the Chabahar port is being developed by India, Iran and Afghanistan to spice up commerce ties.

In a big transfer, India, Iran and Uzbekistan in December held intensive talks on joint use of the Chabahar Port whereas underlining its significance in enhancing regional connectivity.

On the India-Uzbekistan International Workplace Consultations (FoC), the MEA mentioned the 2 sides exchanged views on regional and worldwide problems with mutual curiosity, together with Afghanistan.

They agreed to additional improve cooperation within the UN, Shanghai Cooperation Organisation (SCO) and different multilateral fora.

“Indian facet conveyed its full help for Uzbekistan’s ongoing chairmanship of SCO. Each side extremely assessed the holding of the first India-Central Asia Summit in January and agreed to expeditiously implement its outcomes together with different Central Asian international locations,” the MEA mentioned.

The consultations had been co-chaired by Sanjay Verma, Secretary (West) within the MEA and Furkat Sidikov, Deputy Minister of International Affairs of Uzbekistan. The final spherical of FoC was held within the digital format in November 2020.
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