Tehran-Kabul trade could reach $6b: envoy

March 7, 2011 - 0:0

TEHRAN –- The Afghani ambassador to Iran said, despite existing problems, trade between Tehran and Kabul could reach $6 billion.

Abidollah Abid who was speaking at a gathering of businessmen and economic officials at the Iran-Afghanistan Trade Promotion Conference here pointed out that Kabul has a high capacity for exporting products to Iran, ISNA reported.
Meanwhile, the Iranian Deputy Commerce Minister Hamid Safdel said at the conference said that the current trade balance between the two countries is $1.3 billion.
Speaking to reporters at Afghanistan’s embassy in Tehran in early February, Ambassador Abidollah Abid said a number of cooperation agreements were signed during meetings between Afghan and Iranian officials recently.
According to the agreements, Tehran and Kabul will further cooperate to facilitate shipment of goods and expanding economic and trade ties, he noted.
Abid also said Iran undertook to sell oil products to Afghanistan without any limitation.
Afghanistan will also open banks in Tehran, Isfahan, Mashhad and Chabahar, he stated