Is There a Future for Central Asia’s Indian Ocean Transport Projects?

Quick Summary:

The viability of the projects depends on the region's ability to navigate geopolitical tensions, security challenges, and economic uncertainties.

Since the beginning of 2023, when Pakistan introduced stricter conditions for Afghan transit trade, including increased import tariffs and the requirement of 100 percent bank guarantees, Afghan traders have been actively seeking alternative routes through Iran.

By providing a route to Central Asia, via Iran, that bypasses Pakistan, the INSTC aligns with India’s broader goals of enhancing connectivity and counterbalancing China’s growing influence through the Belt and Road Initiative.

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Article Details

Author / Journalist: Eldaniz Gusseinov

Category: Economy

Markets: United StatesAfghanistanChinaIndiaIraqIsraelJapanKazakhstanNorth KoreaSouth KoreaKyrgyzstanLaosLebanonMaliMarshall IslandsPakistanQatarSaudi ArabiaSri LankaTaiwanTajikistanTurkmenistanUkraineUzbekistanYemen

Topics: Instc Countries Asia Trade India Central Pakistan Asian Routes Ports Iran

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 03:18:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3858 words

Reading Time: 22 minutes read

Sentences: 184 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23055668

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