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Iran - India Relation UPSC NOTE

 Boosting India-Iran Relations:

  • India and Iran agreed to remove arbitration in foreign courts related to Chabahar port.

  • Earlier, this clause had hindered the framing of a long-term agreement about the facility.

  • India and Iran chose investment arbitration or alternative dispute settlement methods.

  • Aim to avoid Iran needing to amend its Constitution.

UN Commission on International Trade Law:

  • Both countries agreed on arbitration under rules set by the UN Commission on International Trade Law.

  • India prefers this UN mechanism over other international trade arbitration systems.

Chabahar Issue and Leaders' Commitment:

  • Chabahar port issue discussed during a call between Iran's president and India's Prime Minister.

  • Leaders expressed commitment to strengthen cooperation and develop Chabahar Port as a connectivity hub.

  • Presidents' meeting during the BRICS summit affirmed their commitment to boosting ties.

Longer-Term Agreement's Benefits:

  • Long-term agreement brings predictability and boosts stakeholder confidence.

  • Chabahar Port is located on Iran's southeastern coast.

  • Tehran is the capital of Iran, in the north of the country

  • Seen as India's strategic move to compete with China's interest in Iranian ports and infrastructure projects.

  • Resolution benefits sanctions-hit Russia, aiming to access the Indian Ocean through the International North South Transport Corridor passing through Chabahar.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Iran - India Relation UPSC NOTE
Iran - India Relation UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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