Afghanistan and Iran signed an Economical Cooperation pact during the second phase of the Economic Committee meetings.
Afghan Finance Ministry officials on Monday said, during the second session of Afghanistan and Iran Economic Committee meeting the two sides agreed to form a joint committee to assess customs issues and development of investments at the Chabahar Port of Balochistan.
The officials also discussed the issues of transportation and transit between the two nations.
Economic Committee meetings which was held between the two nations and lasted for two days mainly focused on mutual cooperation for customs sections, transportation and railway, formation of banking and insurance opportunities, formation of committee for the development of investments and facilities at Chabahar port, issues of the investors of the two countries, prevention of the money laundery and formation of the transportation agencies.
Financial Deputy of the Afghan Ministry of Finance Mustafa Mastoor said, a timeline has been set for each job which makes this session different than those in the past.
In the meantime Iran’s Deputy Minister of Economy, Behrooz Alishiri said, economic and trade relations between Afghanistan and Iran should not be affected due to political relations with the other nations.
Mr. Alishiri further added, we are endeavoured to work on pricniples which should at least minimize the potential risks of Afghan and Iranian investors.
The trade exchange between Afghanistan and Iran has reached to over $1 billion annually. According to Iranian officials, the value of trade between the two countries is expected to rise once the issues of the trade and transit are solved between the two countries.
Economic analysts emphasize for the importance of economic ties of Afghanistan with its neighboring countries specifically with Iran and Pakistan. However the analysts doubt for the implementation of such pacts which have been signed in the past but have not been implemented properly.
