POST Online Media Lite Edition


Iran-Afghanistan trade value hits $4bn

Staff writer |
The value of trade transactions between Iran and Afghanistan has witnessed an eye-catching growth by hitting $4 billion per year, Iranian Deputy Foreign Minister Hassan Qashqavi announced.

Article continues below

"The value of trade between Iran and Afghanistan, including transit of goods and fuel products, has hit $4 billion per year," Qashqavi said, addressing a group of university chancellors and academicians in the Eastern city of Birjand on Saturday.

He underlined that Iran is determined to broaden mutual cooperation with the neighboring countries, including Afghanistan. Iran is one of the most important donors to Afghanistan, which has kept its promises to help to the reconstruction of the war-ravaged country.

Iran has built several roads, power transmission lines, border stations and many other infrastructure projects to better link the two nations. Iran has also contributed more than $50mln annually to Afghan anti-narcotics efforts during the last five years.

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.

What to read next

EU and Afghanistan sign deal on WTO accession
Iran-EU annual trade rises 21% in 2014
Iran ready to support UN on Afghanistan issue