Connect with us

Business

IEA hoping to top $10 billion in trade volume with Iran over next few years

Published

on

(Last Updated On: November 8, 2023)

Acting Minister of Commerce and Industry says that they are trying to increase the volume of trade between Afghanistan and Iran to the value of $10 billion dollars in the next few years.

Nuruddin Azizi, who is part of the Afghanistan delegation in Iran, emphasized in a conversation with the Iranian media that both countries have the capacity to expand their economic relations and increase the volume of trade.

“Of course, the capacities that Afghanistan has and the capacities that are available in both countries, we want to increase Afghanistan’s trade up to $10 billion dollars in the next few years, as I said in my previous interviews, there is capacity on both sides, especially mineral resources, agriculture and industrial programs that we have in Afghanistan. Afghanistan has the ability to trade with Iran up to 10 billion dollars,” said Azizi.

At the same time, Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan, says that Iran wants to expand economic ties with Afghanistan. He also said that the culmination of the delegation’s visit to Iran will see both sides signing a number of memorandums of understanding to expand commercial and economic relations.

“Iran does not want to import raw natural resources from Afghanistan to Iran. We made this understanding with the Afghan side to the extent that it can be processed in Afghanistan and the final product transferred. We want to expand our commonalities and economic infrastructure, and they will visit different places during this trip, and finally the memorandums of understanding will be signed by Mr. Mullah Baradar (the IEA’s deputy prime minister of economic affairs) and Mr. Kazemi Qomi (Iran’s special envoy to Afghanistan),” said Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan.

Azizi meanwhile also emphasized the expansion of border cooperation between Iran and Afghanistan and added that in future they will try to establish a common border market between both countries so that the people of both sides can benefit from each other’s industry and skills without obtaining a visa.

On the other hand, the Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar and his accompanying delegation met with a number of Afghan businessmen and investors residing in Iran and assured them that the necessary facilities are available for them to come to Afghanistan and invest.

Business

Turkmenistan makes ‘significant progress’ on TAPI pipeline project

Published

on

(Last Updated On: April 29, 2024)

Turkmenistan has made “significant progress” on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov.

“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which will supply 33 billion cubic meters to South Asia annually,” he said.

Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Amanov highlighted that Turkmenistan’s section of the pipeline had been completed and ongoing discussions to advance the project beyond Turkmenistan were in strict alignment with the international standards.

He said the project envisaged environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.

“In light of the ongoing project developments, Turkmenistan remains committed to upholding the international law, fulfilling its obligations and adhering to international norms and regulations,” he said.

This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.

Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety, he said.

Continue Reading

Business

Azizi calls on Malaysian investors to invest in Afghanistan

Published

on

(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

Continue Reading

Business

Afghanistan starts exporting via railway to Turkey

Published

on

(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!