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120 Chinese companies held investment talks with IEA since takeover

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(Last Updated On: May 26, 2023)

A Chinese entrepreneur in Kabul has said that representatives of 120 large Chinese companies have held talks with the officials of the Islamic Emirate of Afghanistan (IEA) about the possibility of investment in the country.

Yu Minghui acknowledged that the conditions for investment are more favorable now in Afghanistan and Chinese companies are interested to invest in the country.

He added that in the future, representatives of other companies will also visit Afghanistan for investment.

“Currently, the investment and economic activities are more favorable in Afghanistan than ever before, and next week representatives of 40 Chinese manufacturing companies will come to Afghanistan and assess the market here,” Yu said.

The Ministry of Industry and Commerce said that this year they will further facilitate domestic and foreign investment. The ministry said that they have provided more facilities in the areas of mining, agriculture, transportation and electricity production.

Abdulsalam Javad Akhundzada, the spokesman of the Ministry of Industry and Commerce, said that they have also facilitated rules to attract investment.

China has invested $2 billion in Afghanistan since the IEA takeover. China has won the largest contracts in Afghanistan’s mining sector over the past than two decades. Currently, the Mes Aynak Logar copper contract and the Amu Darya oil field contract are with Chinese companies.

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Afghanistan, Pakistan agree on new travel mechanism for truckers

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(Last Updated On: May 12, 2024)

Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.

The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.

Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.

For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.

The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.

The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.

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Pakistan: Consultations underway on preferential trade agreement with Afghanistan

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(Last Updated On: May 11, 2024)

Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.

According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.

In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.

Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.

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Talks with neighboring countries underway for fresh fruit exports: Azizi

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(Last Updated On: May 10, 2024)

Acting Minister of Industry and Commerce Nooruddin Azizi has said that talks with neighboring countries have started for the export of fresh fruit this year.

Azizi added that the Ministry of Industry and Commerce wants the country’s fresh fruit to be exported to Uzbekistan, Kazakhstan and Iran in addition to Pakistan.

Members of the private sector call on the Ministry of Industry and Commerce to step up efforts to find new markets for Afghan exporters.

“We ask the authorities to determine the export routes before the harvesting season. We should find new markets instead of Pakistan. There is capacity for Afghanistan’s exports in the region, and action should be taken in this regard,” said Mirwais Hajizada, the deputy of Chamber of Agriculture and Livestock.

Economic experts say that the Ministry of Industry and Commerce should hold talks with Iran and Uzbekistan in addition to Pakistan for Afghanistan’s exports.

“There are many opportunities to sell our products in markets other than Pakistan. I hope the authorities will think about this. Grounds should be paved to access the markets of South Asia and the Gulf countries through Iran, and the markets of Central Asia through Uzbekistan,” said Mohammad Nabi Afghan, an economic expert.

Members of the private sector say that although Pakistan is the closest and largest market for Afghanistan’s dry and fresh fruits, doing business with it has always been challenging.

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