India, Iran sign pact on leasing port

By Middle East Affairs

India and Iran signed agreements Saturday that will allow New Delhi operational control of part of the Iranian east coast port of Chabahar, Reuters reports.

The $85 million project will give New Delhi control for 18 months to create a route between India, Iran and Afghanistan, effectively bypassing Pakistan, according to the news agency. This will help New Delhi form market access to central Asia and Afghanistan.

The problem is that U.S. President Donald Trump wants to make changes to the international nuclear deal with Iran, and that’s slowing progress between Iran and India.

Other agreements include a double taxation avoidance treaty, extradition, and cooperation in the farm sector, according to Reuters.

“We want to expand connectivity, cooperation in the energy sector and the centuries-old bilateral relationship,” Indian Prime Minister Narendra Modi said in a joint press conference.

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