HINDU NOTES-December 4 2017 [UPSC Current affairs]
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Hindu Notes from General Studies-02 First phase of Chabahar port opened News Indian, Afghan and Iranian officials held a trilateral meeting to discuss implementing the trade and transit agreement announced in May 2016. Beyond News Chabahar port is seen as a feeder port to the International North-South Transport Corridor (INSTC) to Russia as well as land route to Central Asia. It is also seen as a rival to the Chinese-built Gwadar port off Pakistan, about 80 km away, which is a critical link in China’s Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor. It also provide alternative access to landlocked Afghanistan to regional and global markets. India has committed $500 million to building two berths at Chabahar to process trade and develop an economic zone around them, as…