Iran seeks bigger role in Afghanistan’s transit and investment sectors

Iran and Afghanistan have significant potential to expand economic ties beyond trade in goods through transit, energy, investment, technology and technical services, the head of the Iran-Afghanistan Joint Chamber of Commerce said.

Mahmoud Siadat told the official website of Iran Chamber of Commerce that cultural, linguistic and historical ties between the two countries, along with the presence of millions of Afghans in Iran over many years, had helped Iranian goods gain recognition and acceptance in the Afghan market. Afghanistan needs not only manufactured goods but also transit services, energy, investment, technical know-how and technology, Siadat said, adding that Iran had considerable capacity in many of these areas. He said Iran remained one of the closest, most economical and suitable routes for Afghanistan to access international waters, describing the geographic advantage as a basis for expanding bilateral cooperation. To maintain that position, transit routes and border procedures should become smoother and more transparent so businesses can use existing capacity with greater confidence, Siadat said. He added that investment, technology transfer and technical and engineering services offered important opportunities for Iranian companies in Afghanistan. Iran could particularly cooperate with Afghan businesses that have capital but need Iranian expertise, technology, machinery and experience to expand their activities, Siadat said. Activating these opportunities in a targeted manner could help Iran maintain its position in the Afghan market and create conditions for a several-fold increase in bilateral trade, he added.