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Iran-5+1 accord to have a positive impact on Afghanistan's economy

in Afghan Business

Iran-5+1 accord to have a positive impact on Afghanistan's economy

Iran-AfghanistanThe Afghan Chamber of Commerce and Industries (ACCI) said that the nuclear deal  between Iran and six world powers would have a positive impact on Afghanistan’s economy.

Iran agreed to curb some of its nuclear power activities in return for about USD 7bn in sanctions relief after days of intense talks in Geneva.

This sanction relief would ease the transit problems that Afghan traders have been suffering from since sanctions were first imposed upon Iran.

According to ACCI Deputy Chief Khan Jan Alokozay, Afghan traders were unable to export to European countries via Iran’s Bandar Abbas and Chabahar ports. Goods imported through Jeble Ali port instead cost businessmen more, said Alokozay.

He further added that sanctions relief might also encourage Pakistan, who is a closer ally to Iran, to invest in Afghanistan.

The deal will last for six months, while a permanent agreement on Iran’s nuclear activities is sought. ‘

Iranian President Rouhani hailed the deal, saying it met one of Iran’s fundamental principles, and repeated that his country would never seek a nuclear weapons.

Some of the key points of the deal are as follows:

  • Iran will stop enriching uranium beyond 5%, and “neutralise” its stockpile of uranium enriched beyond this point
  • Iran will give greater access to inspectors including daily access at Natanz and Fordo nuclear sites
  • There will be no further development of the Arak plant which it is believed could produce plutonium
  • In return, there will be no new nuclear-related sanctions for six months if Iran sticks by the accord
  • Iran will also receive sanctions relief worth about $7bn (£4.3bn) on sectors including precious metals


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