The Chabahar Port: UPSC Daily Important Topic | 3 August 2022

The Chabahar Port

✓Trilateral Transit and Trade Agreement signed in May 2016 between India, Iran and Afghanistan.

✓Under the agreement signed between India and Iran in May 2016 , India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of USD 85.21 million and annual revenue expenditure of USD 22.95 million on a 10-year lease.

✓Chabahar port’s location on the south-eastern coast of Iran is expected to open up greater 

opportunities for promotion of trade and commerce, especially from the ports along India’s western coast, with Iran, Afghanistan, Central Asia and beyond.