Sunday, January 20, 2019 | ePaper

US exempts Indian-backed port in Iran from sanctions

  • Print
AFP, Washington :
The United States said Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan.
Iran late last year inaugurated the port on the Indian Ocean which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.
The United States will exempt from sanctions the development of Chabahar along with an attached railway project and Iranian petroleum shipments into Afghanistan, the State Department said.
President Donald Trump's "South Asia strategy underscores our ongoing support of Afghanistan's economic growth and development as well as our close partnership with India," a State Department spokesperson said.
"This exception relates to reconstruction assistance and economic development for Afghanistan. These activities are vital for the ongoing support of Afghanistan's growth and humanitarian relief," the spokesperson said.
The United States, which has been building closer relations with New Delhi since the late 1990s, earlier exempted India from sanctions that took effect on Monday.
The Trump administration has vowed to exert maximum pressure on Iran to end its support for regional proxies, exiting a denuclearization agreement that brought sanctions relief.
Trump's decision has been opposed by European powers as well as other nations including India, which has largely warm relations with Iran and accuses Pakistan of fomenting attacks on its soil.
India has poured $2 billion into Afghanistan since the 2001 US-led overthrow of the extremist Taliban regime, which was also opposed by Iran.
India has seen Chabahar as a key way both to send supplies to Afghanistan and to step up trade with Central Asia as well as Africa.
Iran has plans to link the port by railway to Zahedan on the Pakistani border up to Mashhad in the northeast.

More News For this Category

Jhatpot offers healthy food at DITF

Business Desk :Getting healthy food is always a matter of concern for the visitors at Dhaka International Trade Fair-DITF. But this year, visitors need not to worry about food.

Walton holds IPO Road Show

Business Desk :Walton Hi-Tech Industries Limited (WHIL), a sister concern of the country's electronics giant Walton Group, has organized a Road Show for eligible investors to raise a fund

US demands regular review of China trade reform

US demands regular review of China trade reform

Reuters, Beijing/Washington :The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, presiding over a 2-days long Annual Business Conference at a hotel in the city on Friday. Abdul Aziz, AMD, Md. Mustafa Khair, Md. Zahurul Haque, DMDs and other senior executives of the Bank were also present.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, presiding over a 2-days long Annual Business Conference at a hotel in the city on Friday. Abdul Aziz, AMD, Md. Mustafa Khair, Md. Zahurul Haque, DMDs and other senior executives of the Bank were also present.

.

Captain (Retd.) Abdus Sabur Khan, Chairman of Opso Saline Limited, presiding over its AGM-2019 at Krishibid Institution Bangladesh (KIB) in the city on Thursday. Abdur Rouf Khan, Vice-Chairman, Abdur Rakib Khan, Managing Director, Md. Abdul Momen Talukdar, General Manager (Sales & Marketing), Kazi Monir Ahmed, National Sales Manager and other high officials of the company were also present.

Captain (Retd.) Abdus Sabur Khan, Chairman of Opso Saline Limited, presiding over its AGM-2019 at Krishibid Institution Bangladesh (KIB) in the city on Thursday. Abdur Rouf Khan, Vice-Chairman, Abdur Rakib Khan, Managing Director, Md. Abdul Momen Talukdar, General Manager (Sales & Marketing), Kazi Monir Ahmed, National Sales Manager and other high officials of the company were also present.

.

A month into US govt shutdown, the economy blinks first

AFP, Washington :After four weeks, the partial shutdown of the US government has begun to rattle the world's largest economy, particularly hitting consumer sentiment, a mainstay of growth.  A

Honda launches new bikes in Bangladesh

Business Desk :Bangladesh Honda Private Limited (BHL) on Friday launched two new models of motorcycle for the country's market at a ceremony in the city.The company's managing director and

Uniform development to be ensured in the country: Tipu

BSS, Rangpur :Commerce Minister Tipu Munshi, MP, has said the present government will ensure uniform development of all regions in the country, including backward Rangpur region, in a planned

Rahel Ahmed, Managing Director of Prime Bank Limited, poses for a photograph with the participants of a two days long 'Orientation Program' for the newly recruited Management Trainee (MT) at a city hotel recently. Various divisional leaders along with the DMDs and other senior officials from HR and TDC of the Bank were also present.

Rahel Ahmed, Managing Director of Prime Bank Limited, poses for a photograph with the participants of a two days long 'Orientation Program' for the newly recruited Management Trainee (MT) at a city hotel recently. Various divisional leaders along with the DMDs and other senior officials from HR and TDC of the Bank were also present.

.

Rupee slips 21 paise to 71.24 vs $ in early trade

PTI, Mumbai :The rupee Friday depreciated 21 paise to 71.24 in early trade in the forex market amid strengthening American currency and rising crude prices.Forex traders said strengthening of