World Bank resumed parallel proceedings on concern over Indus Water Treaty - spokesman



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>World Bank resumed parallel proceedings on concern over Indus Water Treaty - spokesman</title></head><body>

By Krishn Kaushik

NEW DELHI, Feb 3 (Reuters)- -The World Bank said its decision to allow two separate proceedings to resolve a long-running disagreement over water between India and Pakistan to run in parallel was because it feared the stalemate endangered the historic Indus Water Treaty.

The comments from a World Bank spokesman were provided to Reuters by email and were the first explanation as to why it had resumed parallel proceedings after suspending them in 2016.

“The World Bank considers that the lack of success in finding an acceptable solution, despite the best of efforts by all Parties involved over the past years, is a risk to the Treaty itself,” the spokesperson said.

“It has therefore decided to resume the two separate processes requested by India and Pakistan."

To solve the dispute, India has suggested the appointment of a neutral expert, while Pakistan is seeking resolution through proceedings in the Court of Arbitration in The Hague, which began on Jan. 27.

The South Asian neighbours have been arguing over hydroelectric projects on the shared Indus river and its tributaries for decades.

Pakistan complains that India's planned hydropower dams will cut flows on the river, which feeds 80% of its irrigated agriculture.

India has accused Pakistan of dragging out the complaints process since 2015 and says the construction of its Kishanganga and Ratle Hydro Electric projects is allowed by the treaty.

India has boycotted The Hague court proceedings and on Jan. 25 sent a notice to Islamabad asking it to agree to modify the 1960 treaty, put together by the World Bank, to bar third parties from intervening in disputes.

“The treaty has been a profoundly important international agreement in support of peace and development for South Asia … its preservation has been among the World Bank's highest priorities,” the bank spokesperson said.

“According to international law, a treaty may be amended by agreement between the parties.”

Indian foreign ministry spokesperson Arindam Bagchi said on Thursday that India had asked Pakistan to notify a suitable date to start talks to modify the treaty.

Pakistan's attorney general's office said on Jan. 27 that the treaty cannot be unilaterally modified and that India was trying to divert attention from proceedings of the Court of Arbitration.

The World Bank had said in 2016 the two separate approaches to resolving the water issue risked producing contradictory outcomes.



Reporting by Krishn Kaushik
Additional reporting by Islamabad bureau
Writing by Y.P. Rajesh
Editing by Sharon Singleton

</body></html>

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明