Value of 11-month export to Afghanistan hits $2b

April 10, 2021 - 11:40

TEHRAN- The value of Iran’s export to Afghanistan reached $2 billion during the period from March 20, 2020 until February 18, 2021, the data released by the Islamic Republic of Iran Customs Administration (IRICA) shows.

This amount of exports indicates the high potential of the neighboring countries’ markets for importing Iranian products.

Back in January, the director general of the Asia-Pacific Office of Iran’s Trade Promotion Organization (TPO) had said that a preferential trade agreement with Afghanistan was going to be signed in the near future.

Speaking in the fourth meeting of Khorasan Razavi-Herat Joint Trade Committee in Mashhad, Reza Seyed-Aqazadeh said: “Necessary coordination has been made with the Ministry of Commerce of Afghanistan.”

He mentioned previous tariff agreements between the two countries and said: “Previously, in 2015, the tariffs for the imports of five commodity items from Afghanistan including the imports of sesame were reduced; the tariffs on sesame imports were reduced from 10 percent to five percent.”

According to the official, balancing international trade, especially with Afghanistan is one of the major strategies of Iran in foreign trade, and TPO’s goal is to establish a balanced trade between the two countries.

Special strategies have been adopted by the Trade Promotion Organization for balancing trade with Afghanistan and for resolving problems in this field, he said, adding that the issues and demands of Afghan businessmen will also be reviewed in a special working group in this organization to take the necessary measures and resolve their issues.

Having shared historical, cultural, political, and economic backgrounds, Iran and Afghanistan have been allies for many years and the strategic cooperation between the two countries has been broadened especially over the past two decades.

As stated by the TPO head, Iran is capable of doubling non-oil exports to its neighbors in two years.

Hamid Zadboum has said that considering the future capacities, the TPO has planned increasing non-oil exports to the neighboring countries to about $100 billion in a two-year time span, in a way that Iran’s share of the regional markets will significantly go up.

MA/MA

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