India has joined Ashagabat agreement which envisages facilitation of transit and transportation of good between Central Asia and Persian Gulf to significantly boost up trade and investment.

• All the four founding members have consented to accession of India.
• Ashagabat agreement aims to establish International Transport and Transit Corridor between Iran, Oman, Turkmenistan and Uzbekistan.
• It was signed in 2011 and named after Capital of Turkmenistan, Ashgabat.