91515
Afghan Economy Impacted by Curbs on Iran
Afghan Economy Impacted by Curbs on Iran

Afghan Economy Impacted by Curbs on Iran

Afghan Economy Impacted by Curbs on Iran

The newest sanctions imposed by the United States on Iran will have a negative impact on the business situation of Afghanistan, as Tehran is one of the largest trade partners of Kabul, the Afghan Chamber of Commerce’s deputy head said. Khanjan Alokozai also said on Wednesday that Iran and Afghanistan had recently increased trading more than at any other time in the past, adding that the US sanctions on Iran would harm Kabul-Tehran trade, The Afghanistan Times reported.
“This is a negative move. When a problem appears there [in Iran], we feel its negative impacts here and our economy comes under pressure. We had already demanded that as a war-hit country, Afghanistan should be free from this. Iran is a good economic partner to us in the region and this move [sanctions] puts negative impact on us,” said Alokozai. US President Donald Trump signed on Monday the first round of new sanctions on Iran, warning international companies and individuals having business affairs with Iran could not operate in the US markets.
The sanctions include import and export of vehicles, passenger jets, vehicle-making machineries, gold and other precious metals as well as currency exchange.
The ceiling of Kabul-Tehran trade reaches $1.2 billion a year, according to the Afghan Chamber of Commerce.
Besides, the use of Iran’s Chabahar Port is important for Afghan businessmen as a transit hub.
Afghan President Ashraf Ghani’s spokesman, Haroon Chakhansoori, said US sanctions on Iran would harm not only Afghanistan, but also some other countries.
But he said Afghanistan’s economic and trade dependence on Iran and Pakistan has decreased and it has shifted to Central Asian countries.

 

Short URL : https://goo.gl/EcqrLM
  1. https://goo.gl/H3GCEe
  • https://goo.gl/M4aNFA
  • https://goo.gl/xiBgkt
  • https://goo.gl/RbLKLu
  • https://goo.gl/Py4oFk

You can also read ...

Forex Rates Decline Continues in Tehran Market
The currency market in Tehran stabilized further on  Sunday...
Trump Tactic to Sanction Swift May Not Work
The Trump administration abandoned the Iran nuclear deal this...
Iran's 9-Month Trade With China Grows 1.8% to $29b
China remains the top customer of Iran’s oil and non-oil goods...
36% Rise in Iran's Cigarette Tax Revenues
The government earned 2.5 trillion rials ($17.48 million) from...
Snapshot of Iran's Nomadic Economy
The findings of the recent National Population and Housing...
Iran H1 Steel Exports Top 3.5m Tons
Major Iranian steelmakers exported a total of 3.51 million...
Organic Crop Production to Be Piloted in 4 Provinces of Iran
Four provinces of Khuzestan, Fars, Isfahan and Zanjan have...
Q1 Production Index Signals Lackluster Industrial Performance
Iran's major industries staged a relatively weak performance...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus