Iran-Afghanistan trade doubled over past 3 years

Monday, 15 May 2017 03:29 Written by  Published in Economy Read 170 times

There has been a considerable spike in Tehran-Kabul economic relations within the past three years particularly after the nuclear deal between Tehran and major world powers, says the spokesman for Afghan Ministry of Commerce and Industries.

 

“The level of trade exchanges between Iran and Afghanistan reached two billion dollars over the past year Iranian Calendar (starting at March 21, 2016), Musafer Qoqandi said.

According to Qoqandi, this shows a twofold rise in the volume of trade exchanges between the two neighboring nations.

“The volume of non-official trade between the two countries is more than the mentioned figure; however,” he said. 

Iran-Afghanistan ties in other areas have also seen a considerable rise in the past three years, he said, referring to the construction of Khaf-Herat railway project. 

The development of transit and transport between the two sides is undeniable and Iran and Afghanistan Presidents have made ceaseless efforts to improve bilateral ties in these spheres and signing of the Chabahar treaty between Tehran and Kabul well demonstrates this, Qoqandi said.

The trilateral treaty of transit and trade, with the presence of Iran, Afghanistan Presidents and Indian Prime Minister, was signed by the ministers of roads and transportation of the three countries a year ago to establish an international transit corridor in the region.