Second India-Central Asia Dialogue

#GS2 #International #Relations

The 2nd meeting of the India-Central Asia Dialogue was hosted virtually by foreign minister and saw the participation of his counterparts from Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan and Kyrgyz Republic.

The first meeting of the dialogue was held in Samarkand, the Republic of Uzbekistan in January 2019.

 

Highlights

  • Announcement of an additional $ 1 billion line of credit by India for Central Aisan countries. Line of Credit is a credit facility extended by a bank or any other financial institution to a government, business or an individual customer, that enables the customer to draw the maximum loan amount.
  • All ministers called for settlement of the Afghan conflict on the basis of Afghan-led, Afghan-owned and Afghan-controlled peace process.
  • All the nations strongly condemned terrorism and reaffirmed their determination to combat it by destroying terrorist safe-havens, networks, infrastructure and funding channels.
  • They also underlined the need for every country to ensure that their territory is not used to launch terrorist attacks against other countries.
  • They appreciated India’s efforts to modernise the infrastructure of the Chabahar port in Iran, which could become an important link in trade and transport communications between the markets of Central and South Asia.
  • There was an announcement of grant financing by India for high impact community development projects in Central Asian countries.
  • Establishment of working groups by India Central Asia Business Council comprising the key chambers of all participating countries.
  • The council was launched by the Government of India along with the Federation of Indian Chambers of Commerce and Industry (FICCI) in February 2020.
  • It aims to promote business in the region and to collaborate and provide an industry view to the governments of the six countries.

 

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