English | دری

Iran, Afghanistan trade value reaches USD 5bn

in Afghan Business

Iran, Afghanistan trade value reaches USD 5bn

envoyAfghanistan’s value of trade transaction with Iran has hit USD 5bn per year in a time span of 5 years.

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.



Related Articles

The second phase of Afghanistan’s steel factory inaugurated

The second phase of the major iron processing factory in Herat has been inaugurated. The project, costing USD 11mn, was inaugurated

Afghanistan, India to Co-Host Afghan Investment Conference

Afghanistan and India will co- host the Delhi Regional and International Investor’s meeting on Afghanistan on June 28. The meeting

Iran asks India to invest in Chabahar port

Iranian President Hassan Rouhani has asked India to invest in Chabahar port, a strategic port that will open up access

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*