Iran and India on the Silk Road: Challenges and Prospects of Economic Cooperation in Belt & Road Initiative

Document Type : Original Article

Authors

1 Allameh Tabataba'i University

2 the university of Allamah Tabatabai, ECO college of insurance

Abstract

India and Iran have historically shared strong socio-cultural and commercial relations since ancient times. However, the emergence of regional and extra-regional powers has drastically changed the relationship between Iran and India and given it a regional character rather than a bilateral one. . As one of the regional powers in East Asia and at the global level, China is increasing its power and influence and is attracting other countries’ cooperation in various fields. In this regard, the Chinese government has officially pursued the Belt and Road Initiative (BRI) since 2013. Iran and India have taken two completely different positions on this plan; while India still formally sees the project as a threat to its stability and security, Iran is eager to expand its ties with China to get out of economic isolation. In this article, the authors try to answer how Iran and India can expand and pursue their economic interests by cooperating in projects related to the BRI. In response, the authors suggest that developing multilateral cooperation in Chabahar port, cooperation in Chabahar free trade zone, and International North-South Transit Corridor (INSTC) provide enormous opportunities for all parties involved. However, collaboration conditions must also improve through simultaneous consideration of security and development, increasing economic integration, strengthening multilateral negotiations, strengthening infrastructure and establishing non-dollar payment mechanisms.

Keywords

Journal of Iran and Central Eurasia Studies
Volume 4, Issue 1
2021
Pages 129-149

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