News ID: 209941
Published: 0357 GMT February 13, 2018

165 Afghan firms given go-ahead to start work at Chabahar Port

165 Afghan firms given go-ahead to start work at Chabahar Port

Iran has issued permits for 165 Afghan companies to invest and operate in the strategic port of Chabahar in the southeastern province of Sistan-Balouchestan that is on a course to open a transport corridor to landlocked Central Asian nations.

Among the 500 companies licensed to operate in the free trade zone of Chabahar Port, 165 of them are Afghan firms," reported Xinhua citing Afghan sources.

"We also would continue our efforts to start the Kabul-Chabahar-Dubai flights in order to ease access for Afghan investors to global markets," it added.

Iran, India and Afghanistan inked an agreement in May 2016 based on which Afghan traders are allowed to invest and conduct economic activities in Chabahar Port.

Chabahar has strategic significance for India but some of the complications in trade with Iran pertain to uncertainty over US policy, especially under President Donald Trump who has denounced the 2015 nuclear accord between Tehran and world powers as "the worst deal ever negotiated" and vowed to withdraw from the deal.

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