FNA - President�s Chief of Staff Mahmoud Vaezi said that boosting of ties with Asian countries is a basic principle of Iran�s foreign policy, and added that Tehran is ready to expand cooperation with all friendly countries.

"Eastward look, development of Asian ties are fundamental & priority policies that stretch from Iran�s borders to India & China's Great Wall,� Vaezi wrote on his Twitter account on Thursday.

�This new Asian identity turns Chabahar Port into the land, sea, railway & terminals hub that links the East to Eurasia and Iran�s western borders,� he added.

Chabahar, the sole Iranian oceanic port, is an important area on the Persian Gulf and Sea of Oman shores and in North-South Corridor.

It is located in the East-West transit path and is of importance with regard to transit and trans-shipment of goods.

Chabahar has turned out to be a vital area for sending Indian products to Afghanistan and Central Asia.

The Indian government has allocated about $14 million budget for development of Chabahar Port in 2020-2021 which had a two-fold rise compared to the last year.