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Iran, Afghanistan trade turnover hits $4B

Business Materials 1 November 2014 15:52 (UTC +04:00)

Baku, Azerbaijan, Nov. 1

By Umid Niayesh - Trend:

Iran's Deputy Foreign Minister Hassan Ghashghavi said that trade turnover between Iran and Afghanistan reaches $4 billion, the official IRNA news agency reported Nov. 1.

Ghashghavi made the remarks in a meeting with academic staff at Iran's eastern South Khorasan province.

The official said that the South Khorasan province, with over 460 kilometers of joint border with Afghanistan can play a significant role in boosting level of Tehran-Kabul trade.

Ghashghavi said that Iran's eastern neighbors such as Afghanistan and Pakistan as well as Central Asian states are considered as great opportunities for the Islamic Republic to develop cultural and economic ties.

Afghanistan was the fourth biggest importer of Iranian goods during the first seven months of the current Iranian fiscal year (March 21 - October 22).

The Islamic Republic exported $1.335 billion worth of goods to its eastern neighbor during the period.

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