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Afghanistan ships 45 tons of pine nuts to China as air corridor resumes

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Islamic Emirate of Afghanistan (IEA) officials said Sunday that 45 tons of pine nuts were exported to China, via an air corridor, for the first time since they took power in August.

Mawlawi Abdul Salam Hanafi, deputy prime minister of the IEA, said at an inauguration ceremony that this is a positive step towards boosting Afghanistan’s economy.

He said that exporting pine nuts this year could generate as much as $1 billion in revenue for the country.

The acting minister of commerce, Nooridin Azizi said Sunday’s shipment was the first of many.

“We exported 10 tons last year, but now this has increased to 45 tons. More than $1 billion (in revenue) will come to our country,” he said.

Kabul’s pine nut sellers meanwhile said they hope that this new development will have a positive impact on business for them.

They said that when borders closed and exports ceased, they were forced to drastically lower their prices in order to sell the nuts.

“Last year the price of 7kg of pine nuts was 40,000 AFN; now it has dropped to 7,500 AFN. Prices dropped, because the borders are closed to export it,” said Abdul Wakal, one pine nut seller.

“Our pine nuts were sent to international bazaars, but now borders are closed our pine nuts are not exported to the world,” said Tala Mohammad, another seller.

 

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Imam Abu Hanifa exhibition to draw exhibitors from more than 20 countries

Representatives from more than 20 countries are expected to attend, including Russia, India, Türkiye and Japan.

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The fifth Imam Abu Hanifa National and International Exhibition will be held in Kabul from October 7 to 13, the Afghanistan Chamber of Commerce and Investment (ACCI) says.

Representatives from more than 20 countries are expected to attend, including Russia, India, Türkiye and Japan.

Ahmad Shakil Hazim, ACCI’s Deputy for Policy and Technical Affairs, said the exhibition would give traders, investors and producers an opportunity to showcase their products and expand business ties with international markets.

Economic experts say international trade exhibitions can strengthen commercial relations between Afghan and foreign businesses and help attract investment.

The fourth edition of the exhibition was held in Kabul last year, with officials saying trade agreements and contracts worth more than $700 million were signed between Afghan and foreign traders on the sidelines of the event.

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Afghanistan, Russia discuss expanding trade cooperation

The Ministry of Industry and Commerce said the two sides described the meeting as productive and stressed the need to further expand economic and trade relations between Afghanistan and Russia.

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Afghanistan and Russia have discussed ways to expand economic and trade cooperation, including increasing exports of Afghan products to Russia and importing Russian machinery and technology into Afghanistan.

Afghanistan’s Minister of Industry and Commerce Nooruddin Azizi met with Nikita Kornienko, Minister of International and Interregional Cooperation of Russia’s Chelyabinsk Region, and his delegation, according to the ministry.

The talks focused on strengthening economic ties, improving coordination between traders from both sides, expanding exports of Afghan goods to Chelyabinsk, importing Russian machinery and modern technologies, and enhancing banking cooperation.

Azizi highlighted the need to increase Afghan exports to Russia and said Afghanistan was ready to establish a distribution centre for Russian goods in Afghanistan and a market for Afghan products in Chelyabinsk.

Kornienko welcomed greater trade cooperation with Afghanistan and invited a delegation from the Islamic Emirate, including private-sector representatives, to visit Chelyabinsk to help strengthen coordination between traders from both sides.

The Ministry of Industry and Commerce said the two sides described the meeting as productive and stressed the need to further expand economic and trade relations between Afghanistan and Russia.

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Afghanistan and Uzbekistan sign 20 trade MoUs worth $267 million

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Afghanistan’s Ministry of Industry and Commerce says 20 trade memorandums of understanding (MoUs) worth $267 million have been signed following business meetings between Afghan traders and private-sector representatives and officials from Uzbekistan’s Kashkadarya province.

The agreements were signed on the sidelines of a business networking conference between Afghan private-sector representatives and Kashkadarya in Kabul. Officials from Afghanistan’s Ministry of Industry and Commerce, representatives of Kashkadarya province, Uzbekistan’s ambassador to Kabul, and private-sector representatives from both countries attended the conference.

Ahmadullah Zahid, Deputy Minister of Industry and Commerce, said economic relations and trade between Afghanistan and Uzbekistan have increased following visits by delegations from both sides.

He stressed the need to simplify trade and transit procedures and remove existing obstacles. He also said Afghanistan is ready to discuss the transit of its export goods through Uzbekistan.

Shahret Muradov, Deputy Governor of Kashkadarya, said the province is ready to expand trade and industrial cooperation with Afghanistan and host Afghan delegations and traders.

The agreements cover sectors including food products, clothing, construction, livestock, electronic equipment, and furniture.

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