by Wadsam | November 7, 2018 3:01 pm
The US has granted exemption to the development of Chabahar Port along with an attached railway project and Iranian petroleum shipments to Afghanistan.
Serving as a key supply route for Afghanistan, the port was inaugurated last year in the Indian Ocean. It enables India to trade with Central Asia and Africa bypassing Pakistan.
“This exception relates to reconstruction assistance and economic development for Afghanistan. These activities are vital for the ongoing support of Afghanistan’s growth and humanitarian relief,” a Stares Department spokesperson said.
The effort to build up Afghanistan’s economy is also aimed at reducing Kabul’s dependence on foreign aid and opium production.
Source URL: http://wadsam.com/afghan-business-news/chabahar-port-exempted-us-sanctions-importance-afghanistan/
Copyright ©2018 Wadsam unless otherwise noted.