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India, Iran and Armenia form trilateral grouping

  • Published
    22nd Apr, 2023
Context

In a move aimed at strengthening regional cooperation, India, Iran, and Armenia have formed a trilateral grouping.

About the grouping
  • This trilateral grouping is expected to open up opportunities in different areas for cooperation including energy, transportation, trade, investment, and transportation.

Key highlights of the first-ever meeting

  • The first-ever meeting focused on connectivity, especially the International North-South Transport Corridor (INSTC).
    • INSTC was initially signed by Iran, Russia, and India in 2002 and has since then expanded, and a freight corridor connecting which is expected to connect three countries — India, Iran, and Russia.
    • The main aim of this corridor is to reduce time and costs in the movement of goods from Mumbai to Moscow.
  • The focus of the three sides during the meeting was on economic issues and regional communication channels.
  • They also talked about trilateral cooperation in various fields as well as a further deepening of people-to-people and cultural contacts.

Focusing on the relationship

  • Iran and Armenia

    • Iran and Armenia, which share a border, also have robust ties.
    • Last year, Iran opened a consulate in Armenia’s Kapan.
    • The two countries have also been working together to enhance trade and economic cooperation.
  • India and Iran
    • India and Iran also have historic ties, with the two countries sharing a common cultural heritage.
    • The Chabahar port in Iran has been key to connectivity between the two sides. India has provided equipment worth $25 million to aid in the development of the port, including six mobile harbor cranes.
      • The port has the potential to serve as a gateway for India to access Central Asia and Afghanistan, while also providing Iran with an alternative trade route to the Persian Gulf.
  • Iran and Armenia
    • Iran and Armenia, which share a border, also have robust ties. Last year, Iran opened a consulate in Armenia's Kapan.
    • The two countries have also been working together to enhance trade and economic cooperation with Armenia serving as a transit route for Iran to access the Eurasian Economic Union.
    • The trilateral grouping between India, Iran, and Armenia is expected to pave the way for greater cooperation in a range of areas, including trade, investment, energy, and transportation.
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