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Chabahar port not rival project of CPEC: Iran's ex-Foreign Minister

IANS  |  Karachi 

Former Iranian has said that the perception in that Iran's Port project, that connects to Afghanistan, and Eastern Europe, is a "rival project of the China-Economic Corridor (CPEC)", is not correct.

"The Port project is aimed at connecting with Central Asia, and the ultimate goal is to uplift the Iranian economy," Kharazi said at an event here. The project was under deliberation for a long time, therefore, it was not correct to link its launch with that of the CPEC, he was cited as saying by Dawn online on Saturday.

India, and signed a trilateral agreement in 2016 to jointly develop the Port, opening a new strategic transit route between the three nations and other Central Asian nations, bypassing

On the other hand, the CPEC connects China's Kashgar in province with Pakistan's in through a network of roads, railways and highways.

strongly objects to the route of the CPEC corridor, which goes through Pakistan-administered

Kharazi, Iran's from 1997 to 2005, said that though it was true that had massively invested in the project, it was an open platform for all regional countries to participate in.

"While we are engaging with on the economic front and is investing in Chabahar, we have not given exclusive rights on the project to them," he said.

Talking about the dispute between and Pakistan, Kharazi said that had "urged a number of times to resolve the dispute in a peaceful and justly manner" and that was even willing to mediate between the two sides.

"But if we talk about economic partnerships, then also has relations with the US which has put a number of sanctions on us, but (Iran) doesn't mind it," he said.

He pointed out that bilateral trade between and suffered over reluctance of Pakistani banks to do business with Iranian entities due to a fear of US sanctions.

Kharazi said that another issue that had negatively impacted the bilateral trade was the "lack of political will from Pakistani side due to intense pressure from and middle-eastern countries".

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 31 2018. 15:44 IST
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