Business
Russia envoy to visit Kabul on boosting mutual trades
Afghan officials in chamber of commerce and industry have reported that a Russia official representative on economy section to visit Kabul for boosting mutual trades in between Afghanistan and Russia.
They have stated that the following Russia envoy will sign a contract on Afghanistan’s fresh and dry fruits to reach to Russia markets.
Deputy of the chamber of commerce and industry Khan Jan Alkozai said,” Russia envoy will visit Kabul officials and to sign a contract on Afghanistan’s fresh and dry fruits.”
Mr. Alkozai added that the negotiation process on boosting mutual trades was begun two years ago.
Meanwhile Minister of Commerce and Industry spokesman Musafer Quqandi said,” discussion process was begun two years ago, and now we will sign a contract on selling Afghanistan’s fresh and dry fruits to reach to Russia markets.”
However Afghan economy experts are optimistic over reaching good markets for the products of Afghanistan.
Economy expert Taj Mohammad Talash said,” this is a golden chance for Afghanistan products to reach to Russia Markets, the Government should push through to strengthen economy ties with Russia.”
Earlier Russia used to purchase its dry and fresh fruits from Turkey and Europe, after war erupted in Ukraine and tensions extended in between Russia and Turkey now Russia officials have decided to purchase Afghanistan’s fresh and dry fruits.”
Business
More trade contracts signed between Uzbekistan and Afghanistan
Uzbekistan has agreed to sign export contracts worth $44 million with Afghanistan, according to a report by the Chamber of Commerce and Industry of Uzbekistan.
The contracts were signed during a three-day visit to Tashkent by a delegation of Afghan businessmen.
The two nations are also planning to form an Uzbekistan-Afghanistan Business Council, which will have 18 Afghan companies among its members.
Afghanistan’s import market is worth $7 billion. The goods that are most in demand with Afghan importers are agricultural products, processed food, textiles, leather, electrical components and construction materials.
Business
Turkmenistan makes ‘significant progress’ on TAPI pipeline project
Turkmenistan has made “significant progress” on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said TAPI Pipeline Company Limited CEO Muhammetmyrat Amanov.
“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which will supply 33 billion cubic meters to South Asia annually,” he said.
Speaking at the Turkmen Energy Investment Forum (TEIF 2024) currently being held in Paris, Amanov highlighted that Turkmenistan’s section of the pipeline had been completed and ongoing discussions to advance the project beyond Turkmenistan were in strict alignment with the international standards.
He said the project envisaged environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.
“In light of the ongoing project developments, Turkmenistan remains committed to upholding the international law, fulfilling its obligations and adhering to international norms and regulations,” he said.
This approach reaffirms Turkmenistan’s dedication to global cooperation and legal integrity in executing the TAPI project.
Looking ahead, the project’s focus is shifting to the Herat Offtake Strategy in Afghanistan, which will play a critical role in environmental protection by reducing air pollution, while also contributing to maintaining public safety, he said.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
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