#IR_Basics #PT2020

International North-South Transport Corridor (INSTC)

- It is a multi modal transportation corridor.
- Established in 2000 by Iran, Russia and India

- Purpose - promoting transportation cooperation among the Member States.

- Connects India Ocean and Persian Gulf to the Caspian Sea, and Baltic sea

- New Members included
Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Ukraine, Belarus, Oman, Syria, Bulgaria (Observer).

#IR_InNews #PT2020

Abraham Accord

- Its Israel–United Arab Emirates peace agreement (Recently Signed)

- UAE will be the third Arab country, after Egypt and Jordan, to formally normalize its relationship with Israel.

- They will exchange embassies and begin cooperation across broad range of areas including tourism, education, healthcare, trade and security.

- Israel agreed to suspend plans for annexing parts of the West Bank