Establishment of India-Afghanistan air freight corridor hailed

Image
IANS New Delhi
Last Updated : Aug 07 2017 | 10:13 PM IST

The establishment of an India-Afghanistan air freight corridor this year was welcomed by all stakeholders at a meeting hosted by India of the Heart of Asia-Istanbul Process, a platform to encourage security, political, and economic cooperation among strife-torn Afghanistan and its neighbours, here on Monday.

"With regard to the bilateral initiatives taken by India, the recent establishment of the air freight corridor between India and Afghanistan was welcomed as providing fast and assured access to farmers of Afghanistan to the large markets in South Asia and beyond," the External Affairs Ministry said in statement following the eighth meeting of the Regional Technical Group of Confidence Building Measure on Trade, Commerce and Investment Opportunities under the Heart of Asia - Istanbul Process.

"India's assistance for capacity building and training of Afghan officials, including on PPP mode of project implementation; and the WTO-related matter, programmes for which that were conducted by the Ministry of Finance and the Department of Commerce, Government of India the past few months were also acknowledged positively," it added.

The India-Afghanistan air freight corridor was established earlier this year with the first flight taking off from Kabul for New Delhi on June 19.

Monday's meeting was co-chaired by the Acting Director General, Economic Cooperation Department in Afghanistan's Ministry of Foreign Affairs Hassan Soroosh, and Joint Secretary in India's Ministry of External Affairs Deepak Mittal.

It was attended by representatives of 17 participating countries and supporting international organisations, including Azerbaijan, Iran, Kyrgyzstan, Pakistan, Russia, Tajikistan, Turkey, Turkmenistan, the United Arab Emirates, Australia, Egypt, Germany, Britain, the US, the European Union and the UN.

"The participants shared the view that Afghanistan acted as a natural bridge in promoting regional connectivity and economic integration.

"There was consensus that economic development was an important factor in ensuring peace and stability in Afghanistan and the Heart of Asia region," the statement said.

The Heart of Asia-Istanbul Process was established in November 2011 to expand coordination between Afghanistan and its neighbors and regional partners in facing common threats, including counter-terrorism, counter-narcotics, poverty, and extremism.

The US and over 20 other nations and organisations support the process.

According to the statement, the participants in Monday's meeting shared views on various measures and steps to promote transit and trade and realising reliable and robust connectivity, with Afghanistan as the hub.

"This included the recognition of the need to make the existing transit and trade agreements more inclusive and comprehensive by expanding them both northwards and southwards to connect South Asia with Central Asia; strengthening growth of small and medium enterprises (SMEs) and involvement of women in economic development, including through women entrepreneurship; and simplifying customs procedures," it said.

The initiative by India to develop a web portal, with participation of industry body Ficci, for exchanging information on regional markets, trade and investment opportunities, and facilitating networking between businesses for the participating countries also came in for appreciation.

According to the statement, the steps taken for development of transit and transport through Chahbahar port in Iran involving India, Afghanistan and Iran, the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, and the CASA-1000 (Central Asia-South Asia power project) were appreciated.

The TAT (Turkmenistan-Afghanistan-Tajikistan) railway line and the Lapis Lazuli corridor were also assessed positively.

The Lapis Lazuli corridor connects Afghanistan with Turkmenistan, Azerbaijan, Georgia to the Black Sea and ultimately through Turkey to the Mediterranean Sea and Europe.

"All sides agreed on the value of such connectivity and economic integration projects to overall growth, stability and prosperity in Afghanistan," the statement said.

--IANS

ab/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Aug 07 2017 | 10:06 PM IST

Next Story