Iran, Afghanistan sign agreement to facilitate transit of goods

Iran and Afghanistan have signed an agreement to facilitate road transportation and transit of goods. The agreement was signed during the fourth Iran-Afghanistan international road transportation cooperation committee meeting in Kabul, , IRIB reported.

On January 26, IRNA quoted Afghan Foreign Ministry spokesman Wahidullah Ghazikhel as saying the trade value between Iran and Afghanistan is growing.

He emphasised the need to streamline bilateral trade through customs.

He invited Iranian investors to participate in development projects in Afghanistan.

In September 2012, an official with Afghanistan's Foreign Ministry said that the annual trade between the two countries could reach $3 billion in the future. The figure is currently around $2 billion.

According to the statistics, Iran accounts for 35-40 per cent of exports to Afghanistan.

Iran mainly exports pharmaceuticals, cement, iron and steel products, detergents and gasoline to Afghanistan.