Business
Afghan, Iran local officials sign trade agreement
Iranian media reported that two provinces of Afghanistan and Iran on Thursday signed an agreement covering the energy, transportation, customs, production, and investment sectors.
The agreement signed during the fourth meeting of the Joint Economic Committee of Khorasan Razavi Province and Herat Province of Afghanistan said IRNA.
Iranian officials said that four working groups on customs and trade, transportation and transit, energy and fuel, and a production and investment working group held meetings to review issues of priority for the parties which led to the signing of an agreement.
Ali Rasoulian, deputy governor of Khorasan Razavi Province added that both sides agreed to facilitate the exchange of goods in the Dogarun border and ease investment and improve interactions so that healthier and better exchanges could be carried out at a lower cost in the Dogarun border.
Based on the agreements, the working hours of the border crossing will be increased, and a committee will meet on a monthly basis at the Dogarun border to review the existing obstacles and problems, he added.
The two sides also agreed to have financial exchanges with better and easier planning, he said, noting that power transmission lines from Khorasan Razavi to Afghanistan will also increase from 132 KV to 500 KV, which will benefit both parties.
Mouneseh Hassanzadeh, Herat deputy governor-general for social affairs, said that the agreement covering four fields.
Negotiations at the 4th meeting of the Joint Economic Summit of Khorasan Razavi and Herat were aimed at improving bilateral relations, growing economic relations, and creating investment opportunities, she said.
Notable that 4th meeting of the Joint Economic Summit of Khorasan Razavi and Herat was held from January 7-8 in Mashhad.
The Ministry of Commerce and Industry says that they have increased marketing efforts for domestic products to be sold on global markets.
Officials said markets of Central Asia and Russia are viable markets for Afghan goods and that they are trying to hold expos in these countries.
They also said that large expos of Afghan products will be held in Uzbekistan, Russia and Kazakhstan in the near future. Nooruddin Azizi, the acting minister of commerce and industry, said his ministry has increased marketing efforts in order to supply foreign markets with domestic products. He said Central Asia and Russia have proved to be stable markets for local goods.
Meanwhile, the Afghanistan Chamber of Commerce and Investment (ACCI) said there is no doubt that the markets of Central Asia and Russia are among the best markets for exported goods, but that the Islamic Emirate should pave the way for more exports and for technical issues to be resolved.
Economic experts believe that the marketing of Afghan products in global markets is one of the most important responsibilities of the relevant institutions in the government so that Afghanistan’s trade with other countries can flourish.
Afghanistan currently has good trade relations with Central Asian countries, and if these relations expand, more goods will be exported from Afghanistan, experts have said.
Shahabuddin Delawar, the acting Minister of Mines and Petroleum, met with a delegation from the Siberian oil and gas sector in Kabul this week to discuss investment opportunities.
According to the ministry, the visiting Russians expressed interest in investing in Afghanistan oil and gas mines.
In response, Delawar welcomed their interest and stated that the ministry would cooperate with them and provide necessary facilities for their endeavors.
The Supreme Leader of the Islamic Emirate of Afghanistan has ratified the national budget for fiscal year 1403 (solar year) after a “thorough review and consideration.”
This year’s national budget has been meticulously crafted to address the needs and priorities of the people, IEA spokesman Zabihullah Mujahid said on Tuesday.
As with the previous year, the budget has been drawn up exclusively using domestic revenues.
The Ministry of Finance will, as always, incorporate the national budget for the fiscal year 1403 into the country’s financial system, Mujahid said.
All associated sectors, both ordinary and developmental, will be managed with full transparency and in accordance with standard procedures, he added.
No further details were given.
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