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Deals worth more than $250 million signed at Afghanistan-India trade show

16 Sep 2018 1TV News

به دری بخوانید2018-09-16 | 26 minute ago

The four-day India-Afghanistan Trade and Investment show in Mumbai witnessed signing of deals worth more than 250 million US dollars, officials said Sunday.

More than 400 deals were signed during the second annual event. In carpet alone, the Afghan businessmen secured $115 million agreements.

Tawfiq Dawari, deputy CEO of Afghanistan’s Chamber of Commerce, said that the exhibition was successful, adding the chamber signed two memorandums of understanding with the Mumbai chamber of commerce and Small& MediumBusinessDevelopmentChamberofIndia.

Other deals included export of Afghan products to all Indian states through Spice Jet airlines, building large medicine stores in Afghanistan.

Around 200 Afghan businesses, 1,200 Indian and 100 international business leaders participated in the exhibition.

Afghanistan’s Chief Executive Abdullah Abdullah, Acting Finance Minister Mohammad Qayoumi and U.S. Ambassador John Bass attended inauguration of the event.

Afghanistan and India opened air corridors for trade after Pakistan denied access to land route.

Ambassador Bass noted that Pakistan had approached Afghanistan earlier this year and indicated its willingness to discuss resumption of trade via the land route.

Bass told Indian newspaper Economic Times that a political settlement in Afghanistan was in Pakistan’s long-term interest.

“Increased trade in both directions, increased connectivity through central and south through Afghanistan – those are all missed opportunities if Pakistan has its sole focus on perpetuating the status quo,” Bass said.

He said that the Indian government had raised the issue of U.S. sanctions on Iran and how it would impact Chabahar port when U.S. Secretary of State Mike Pompeo visited New Delhi last week.

“We are processing and evaluating how best to reimpose sanctions on Iran, with the Iranian regime’s malevolent behaviour and its activities in destabilising its neighbours,” Ambassador Bass said.

“My government is still thinking through how Chabahar factors in the reimposition of the toughest sanctions that we believe need to be put in place to hold the Iranian government accountable for its action,” Bass added.

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