Iran, Afghanistan trade value reaches USD 5bn
According to Fars News Agency (FNA), the figure indicates a 10-fold rise as compared with five years ago and is rising at a steady rate.
Last week, Afghan Foreign Minister Zarar Ahmad Osmani in a meeting with Iranian Ambassador to Kabul Mohammad Reza Bahrami called for further economic cooperation between the two nations.
Contributing annually more than USD 50mn to Afghan anti-narcotics efforts, Iran is one of the major donors to Afghanistan.
In late January, Iran and Afghanistan signed an energy cooperation pact to further strengthen their cooperation in the electricity and water sectors.
Under the deal, the Islamic Republic will export more electricity to Afghanistan’s western provinces of Herat, Nimrouz, and Farah.
Kazakhstan announced their preparedness to invest in the infrastructure and extraction of natural resources in Herat province. Kazakhstan’s ambassador to
Ministry of Agriculture, Irrigation and Livestock officials said that 32 water canals are going to be constructed in 9 provinces.