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Afghanistan, India and Iran trilateral meeting to boost trade

in Afghan Business

Afghanistan, India and Iran trilateral meeting to boost trade

Deputy foreign ministers of Iran, Afghanistan and India were involved in a trilateral meet on Sunday to confer trade and investment opportunities of Chabahar Port.

The Port of Chabahar is a seaport in Chah Bahar in southeastern Iran. Its location lies on the border of Indian Ocean and Oman Sea. It is the only Iranian port with direct access to ocean.

Foreign Ministry spokesman Janan Mosazai said increased cooperation in transit trade at the Chabahar Port and enhanced trade relations would be of a great importance. The port offers incredible trade and commerce opportunities for India in Afghanistan and Central Asia bypassing Pakistan.

According to Mr. Mosazai, there would be follow up meetings to the trilateral meet after every six months. The next meeting would discuss joint investment, airline between Kabul, Chabahar and the UAE, the establishment of private banks at the port and facilities for traders.

Mosazai said Afghan and Iran had signed an agreement in April last. Under the agreement, Iran granted a land measuring 125 acres at the Chabahar port to Afghan traders for investment, he said.

The move had resolved many problems previously faced by Afghan businessmen, said Mosazai, who claimed Afghanistan’s access to the major port had been helpful in reducing reliance on Pakistan.

The foreign ministry spokesman also informed that Afghanistan would take part in the next week’s Non-Aligned Movement (NAM) summit in Tehran on Thursday and Friday.

Iran opened a world gathering of self-described nonaligned nations Sunday with a slap at the U.N. Security Council and an appeal to rid the world of nuclear weapons, even as Tehran faces Western suspicions that it is seeking its own atomic bombs.

Iran seeks to use the weeklong gathering — capped by a two-day summit of Non-Aligned Movement leaders — as a showcase of its global ties and efforts to challenge the influence of the West and its allies. Among those expected to attend include U.N. Secretary-General Ban Ki-moon and the prime minister of India, Manmohan Singh, whose nation remains an important Iranian oil customer as Tehran battles Western sanctions over its nuclear program.

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