Monday November 24, 2014

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.

Filed in: Afghan Business

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