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Afghanistan Wants Kabul-Tehran Trade Deals Exempted From U.S. Sanctions

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(Last Updated On: October 24, 2022)

Afghan Ministry of Foreign Affairs (MoFA) has pleaded the U.S. to exempt Kabul-Tehran trade deals from sanctions on Iran as the country heavily relies on the Iranian port of Chabahar to improve its economy.

U.S. President Donald Trump warned today that any country doing business with Iran will not trade with the US as the first set of US sanctions against Iran that had been eased under the landmark nuclear accord went back into effect.

Expressing deep concerns, the MoFA stated that U.S. sanctions on Tehran threatens to derail the lives of Afghan refugees in Iran, Kabul-Tehran trade deals and India, Iran, Afghanistan projects in Chabahar port.

“The Afghan government demand has always been the exemption in Iran’s sanctions. The Kabul-Tehran economic relation that helps development of infrastructures and Afghanistan economic development must be exempted,” Faramarz Tamana, head of MoFA Strategic Studies Center said.

Chabahar is the closest and best access point of Iran to the Indian Ocean and the country has devised serious plans to turn it into a transit hub for immediate access to markets in the northern part of the Indian Ocean and Central Asia.

According to statistics, Afghanistan is the fourth biggest country for the exports of Iran.

The statistics of Economic Cooperation Organizations of Chamber of Commerce also shows that the value of Iran exports to Afghanistan reaches to more than 2 billion dollars in a year.

“We require bank facilities. Currently, we cannot fund bank transfers to Iran. Because the money blocks in international SWIFT center,” Azrakhsh Hafezi, head of ECOCC added.

The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan.

Afghan businessmen were hopeful that the port at Chabahar would replace Karachi.

In the meantime, economic analysts call on government to work on bilateral agreements to remove Afghanistan reliance on any country.

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Afghanistan and Turkmenistan firms sign over 10 contracts on construction, food materials

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(Last Updated On: May 7, 2024)

Afghanistan and Turkmenistan companies have signed more than 10 contracts and two memorandums of understanding on construction materials, including iron bars, paint, marble and food materials.

The contracts were signed during the trip of a Turkmen business delegation to Herat province and in the presence of Nooruddin Azizi, Acting Minister of Industry and Commerce.

“There is excellent opportunity for the expansion of trade and economic relations between Afghanistan and Turkmenistan, which both sides should take full advantage of,” Azizi said at the signing ceremony of these contracts, according to a statement released by the Ministry of Industry and Commerce on Tuesday.

The Ministry of Industry and Commerce pointed out that the contracts were inked as a follow-up to visit of the acting minister to Turkmenistan and meeting with its national leader Gurbanguly Berdi Mohammadov.

Earlier, the delegation from Turkmenistan’s private sector said that their goal is to expand economic relations between the private sectors of the two countries. They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.

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Turkmenistan’s industrialists keen to buy Herat-made construction material

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(Last Updated On: May 7, 2024)

Union of Turkmen industrialists is interested in a contract with Herat industrialists in the field of construction materials. The economic delegation of Turkmenistan, which has been in Herat for the past three days, has visited various plants including marble and iron and also paint manufacturers.

The delegation, which is from Turkmenistan’s private sector, says that their goal is to expand economic relations between the private sectors of the two countries.

They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.

Contracts for the sale of marble, paint and iron bars between the two countries are expected to be signed soon.

“During this trip that we were in Herat and the products that we saw in the factories and especially the works that were handicrafts in the field of marble and onyx, these are really amazing, naturally, in the world of industries handicraft is said to be one of the most expensive and popular products, so we were surprised by the products we saw here,” said a member of the delegation from Turkmenistan.

Herat Chamber of Industries and Mines says that there is now the capacity in Herat Industrial City to produce enough goods in various sectors to export abroad. At present, there are about 40 companies operating in the marble processing sector.

An agreement with the Turkmenistan union for construction materials could be a valuable step for Herat business owners.

Some factory owners also believe that the production of construction materials has improved in recent years, and that the capacities in the production and processing of marble and iron bars have also increased.

Herat Chamber of Industries and Mines says that currently more than 800 factories are active in the industrial town of this province.

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Afghanistan’s Turkey-bound goods via rail cross Tehran

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(Last Updated On: May 6, 2024)

Ten wagons of Afghanistan’s goods bound for Turkey have passed through Tehran and are now on the way to the Razi border in northwest Iran, local media reported on Monday.

IRNA news agency, citing the Ministry of Roads and Urban Development of Iran, said that Afghanistan Rail Development Consortium dispatched the consignment without going through legal procedures, including obtaining permits from border guards and customs, as well as without obtaining permission from the Iranian Railway Authority.

It said that Iran allowed the passage of the consignment considering its national interests and with goodwill.

Iranian officials announced that they will allow the next trade consignment from Afghanistan to transit through the country only after the necessary permits from relevant authorities have been obtained.

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