Business
U.S. to Continue Support for Sustainable Economic Growth in Afghanistan
The United States is committed to working together with the Afghan government to move the economy of Afghanistan forward and will continue to support Afghan small and large businesses, said Ambassador Hugo Llorens in a statement.
Ambassador Hugo Llorens emphasized that Afghanistan has a rich, long history as a nexus for trade and commerce dating back to the Silk Road, but decades of conflict and strife have left the Afghan economy battered, but not without opportunities.
“Afghanistan’s economy is growing now, but still too slowly to create sufficient jobs for young Afghans eagerly looking for work, or enough income for their families,” the statement said.
Llorens in the statement applauds Afghan authorities for their work to exit the Financial Action Task Force “grey list” and encouraged them for further work to fight money laundering and flows to terrorists.
He stressed the importance of the private sector in Afghanistan.
“The reality is that Afghanistan’s economic future depends on the private sector, it depends on the business. No government can “create” prosperity, but governments can facilitate increased trade and investment, which is indispensable to creating good jobs for tens of thousands of Afghans,” the statement said.
Ambassador Llorens expressed optimism and is said to believe that Afghans can reclaim the role that Afghanistan once was a trade leader for centuries.
He further added that the only way to generate long-term sustainable growth in Afghanistan is through less bureaucracy, less corruption, and more private sector investment.
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.
Business
Afghanistan starts exporting via railway to Turkey
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
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