Iran, India and Afghanistan agree on cooperation in trade, economic and transportation spheres

On Sunday night, Iranian Trade Minister Mohammad Shariatmadari, Afghan Trade Minister Mostafa Kazemi and Indian Minister of State for External Affairs Digvijay Singh signed two memorandums on cooperation in the spheres of trade, economy and transportation.

The documents provide for the increase in the level of trilateral cooperation in economic and transportation areas and also in the development of a joint trade policy and mutual investments.

The transportation aspect of both memorandums includes the construction of railways and establishing maritime routes.

The Iranian government promised to grant significant interest reductions on transportation charges for the goods delivered from the seaport of Chabakhar to Afghanistan, and to reduce the tariffs on the use of containers and other transport assets of this port.

The three countries also agreed to make all possible efforts to ensure the expansion of trade relations and to coordinate their actions in solving the problems that hinder the development of mutual economic ties. In addition they expressed the desire to organize international trade exhibitions.