India, Uzbekistan Bid to Leverage Chabahar Port for Regional Trade

India and Uzbekistan bid to leverage Chabahar port for regional trade and transit, according to sources, agreeing to exploit the full potential of the oceanic facilities.
India, Uzbekistan Bid to Leverage Chabahar Port for Regional Trade

The decision was made during the 15th round of India-Uzbekistan Foreign Office Consultation (FoC) on Wednesday, where both sides agreed to maximize efforts on the port as a commercial transit hub for the region.  

Chabahar is a more commercial and stable route for landlocked countries of the region to reach India and the global market, making the port India’s much-need gateway to landlocked Afghanistan, including other northern countries.

“The talks particularly focused on greater economic cooperation and steps to enhance connectivity between India and Uzbekistan,” the Ministry of External Affairs (MEA) statement said after the India-Uzbekistan FOC, as The Print quoted. “Both sides agreed to exploit the full potential of Chabahar port for trade between the two countries.”

During the consultations, both sides undertook a comprehensive review of the state and prospects of bilateral cooperation including political, security, trade-economic, connectivity, development partnership, humanitarian and cultural spheres, according to the report.

Uzbekistan’s Deputy Minister of Foreign Affairs Furkat Sidikov on Tuesday said that his country can be a gateway for Indian businessmen to get access to the Eurasian market.

“You know that now traditional supply chains are not working well. So in this case, I see that Uzbekistan can be a getaway for Indian businessmen to get access to Eurasian markets. India is one of the biggest investors in Uzbekistan,” Sidikov said, as The Printed quoted.

He further added there is one issue of logistics and now they will work with the government of India and would like to use Chabahar.
May 14, 2022 10:01