• search
For Quick Alerts
For Daily Alerts

Obama must support Modi on the Chabahar deal with Iran


New Delhi, June 7: Inking the Chabahar port deal with Iran is extremely beneficial for India. The terms state that India will provide $500 million to develop a port in the southern Iranian city of Chabahar. A pledge to invest 16 billion dollars in a free trade zone around the city has also been made.

Michael Kugelman, Senior Associate for South and Southeast Asia

Woodrow Wilson International Center for Scholars, Washington DC says that the Chabahar deals geopolitical ramifications are enormous. He further says that US president, Barack Obama should announce his unequivocal support to the deal.

Obama must support Modi on the Chabahar deal with Iran.
Obama must support the deal:

Kugelman says that Obama should express his unequivocal support for the deal-and propose ways to help achieve its potential. The Chabahar deal could benefit two of Washington's key South Asian friends in a big way.

Also read: Modi's best men will oversee speedy implementation of Chabahar Project

First, it gives India the opportunity to tap into the vast natural gas riches of Central Asia. Additionally, with a stronger foothold in Iran, New Delhi will be better positioned to tap into Iran's own gas reserves.

In an article written foreignaffairs.com, Kugelman explains that the deal could bring Afghanistan badly needed new sources of revenue. The Afghan economy, which relies heavily on foreign assistance, is gasping for air.

The foreign troop drawdown has reduced Afghanistan's once-strong war economy, and international donors are starting to back away.

Finally, the Chabahar deal could help all four countries by building the trust necessary to generate more meaningful trilateral cooperation on challenges like ISIS and the Afghanistan drug trade-issues of great concern to all involved.

Kugelman further points out that US support for the deal would also send a conciliatory message to Tehran. Siding with Iran in ways that extend beyond nuclear cooperation would generate some much-needed goodwill-and give Tehran something to chew on as it contemplates its future relationship with the Taliban.

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more