Business

ACCI Calls for Expansion of Trade Ties With Uzbekistan

Published

7 years ago

August 1, 2017

(Last Updated On: October 24, 2022)

Simultaneously with the transit and trade challenges by Pakistan, Afghanistan Chamber of Commerce and Industry (ACCI) has called for expansion of trade relations between Afghanistan and Uzbekistan.

“We have great trade relation with Uzbekistan, but in imports. The government should work more on exports,” said Atiqullah Nasrat, chief operating officer of ACCI.

ACCI officials say currently, Afghanistan’s trade deals with Afghanistan reaches to more than 400 million dollars.

In the meantime, Uzbek ambassador to Kabul emphasized over his country’s commitment for the better investment situation in the country.

Reports suggest President Ghani’s recent trip was for a better trade ties with Uzbekistan.

After the formation of the NUG in Afghanistan, Uzbekistan was one of the countries that were included in the first circle of President Ghani’s foreign policy and the Afghan President tried to improve relations with this country in order to enhance economy, transit and etc.

Ghani believed Uzbekistan to be the closest way to connect Afghanistan to China and Russia, therefore, in an unprecedented move, passing through Kazakhstan and Uzbekistan, the Afghan government succeeded to connect Afghanistan to China by railway.

In September 2016, the first Chinese train reached to the Hairatan port of Afghanistan and transported Afghanistan’s exporting goods in its way back to China.

The NUG has also inked agreements with Uzbekistan in other areas such as the agreement to rise electricity imports from Uzbekistan by 10%, purchase wheat, improve transit and trade between the two countries and etc.

These agreements have, to some extent, facilitated trade for Afghanistan and have freed Afghanistan from other countries limitations.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

23 hours ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.

Business

Afghanistan can become important industrial center in region: Hanafi

Published

3 days ago

May 13, 2024

Ariana News

(Last Updated On: May 13, 2024)

Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.

Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.

“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.

Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.

Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.

Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.

This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.