Chabahar port not a rival to Gwadar, Iran tells Pakistan

Image
IANS Islamabad
Last Updated : May 27 2016 | 5:13 PM IST

The Chabahar port agreement between Iran, India and Afghanistan is "not finished" and "not limited to these three countries", Mehdi Honerdoost, Iranian ambassador to Pakistan, said on Friday amid tensions over the agreement.

Speaking on Pakistan-Iran relations, the envoy, according to Dawn online, revealed that the offer to cooperate had first been extended to Pakistan and then China, implying neither had expressed interest.

The ambassador added that both are sister ports, and Chabahar port authorities would extend cooperation to Gwadar.

"The deal is not finished. We are waiting for new members. Pakistan, our brotherly neighbours, and China, a great partner of the Iranians and a good friend of Pakistan, are both welcome," said the envoy.

"India was a good friend during the sanctions, the only country to import oil from us during sanctions."

Iranian President Hassan Rouhani, Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani on Monday signed a three-way transit agreement on Iran's southern port of Chabahar.

India said it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars.

The development of the Chabahar port expands a trade route for the land-locked countries of central Asia bypassing Pakistan, and represents a missed opportunity for Pakistan as post-sanctions Iran opens up.

--IANS

ahm/vt

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 27 2016 | 5:06 PM IST

Next Story