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Acting commerce minister leaves for Uzbekistan

A coal sales contract is also expected to be signed with Uzbekistan.

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Acting Minister of Industry and Commerce Nooruddin Azizi has traveled to Uzbekistan to inaugurate an expo of Afghan products in Tashkent.

Azizi will also participate in a business forum.

Before leaving Kabul, Azizi said that he will discuss the expansion of economic relations, including trade, investment and attracting regional cooperation with the Uzbek authorities.

“During this trip, we want to have more business plans with the Republic of Uzbekistan. Thanks to Allah, there is capacity, there is ability. We hope that our trip will have a good result,” Azizi said.

A coal sales contract is also expected to be signed with Uzbekistan.

“We have discussed with Uzbekistan about the export of approximately one million tons of coal. Uzbekistan has agreed and they worked on the mechanism and we also worked. I am sure that we have made good progress in this field and we are trying to ink a contract with Uzbekistan for one million tons or more,” Azizi said.

Two hundred and fifty Afghan businessmen and investors are expected to participate in the expo of domestic products of Afghanistan in Tashkent.

“They (Uzbeks) have pledged to cooperate with Afghanistan in the areas of electricity and coal export. This expo will play an important role for Afghanistan’s economy, and the two sides will sign agreements,” Mohammad Yunus Mohmand, deputy of the Chamber of Commerce and Investment, said.

The three-day expo will showcase mostly carpets, handicrafts, precious and semi-precious stones and dried fruits.

 

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Afghan nationals have invested $3 billion in Iran

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

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Iranian media, citing Mahmoud Siadat, the head of the Iran-Afghanistan Chamber of Commerce, have reported that Afghan citizens have invested about $3 billion in Iran.

According to ISNA, Siadat said this week: “Today, more than 50 percent of foreign companies registered in Iran are Afghan companies.”

He also stated that Afghan nationals are the largest group of foreign investors in Iran.

According to Siadat, private sector organizations in the field of trade with Afghanistan and the joint chamber of the two countries are important and vital for the growth of the economy.

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

 

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Three-day emerald exhibition held in Panjshir

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

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The Ministry of Industry and Commerce (MoIC) said Wednesday in a statement that the first three-day emerald expo was held in Panjshir in the hope of boosting exports.

He said the three-day expo was organized in cooperation with the Ministry of Industry and Commerce in order to boost exports, display handicrafts and local culture, develop livestock farming and agricultural products, medicinal plants, and encourage people to use domestic products and attract investment, a statement read.

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

 

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Iran’s non-oil exports to Afghanistan increases in first three months of 1403

Roustaei said that Iran’s export of non-oil products to Afghanistan exceeded $517 million between March 21 to June 22, 2024, showing a 31 and 23 percent growth in value and weight, respectively, Mehr News reported.

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Iran’s commercial attaché to Afghanistan, Hossein Roustaei, reported an increase of $123 million worth of non-oil exports to Afghanistan in the first three months of this solar year.

Roustaei said that Iran’s export of non-oil products to Afghanistan exceeded $517 million between March 21 to June 22, 2024, showing a 31 and 23 percent growth in value and weight, respectively, Mehr News reported.

The administration of the late President Ebrahim Raeisi prioritized expanding the trade-economic relations with neighboring countries, he added.

In that period, Iran exported light lubricants, oil products, iron- and steel ingots, polyethylene, urea, light- and heavy hydrocarbons, cements, tomatoes, apples, potatoes, fresh fruits and vegetables, oranges, infant formula, tiles and ceramics to Afghanistan.

Afghanistan is Iran’s fifth export target market, he said, adding that Afghan people and traders are familiar with Iranian products and this issue has paved suitable ways for the increase of the volume of trade exchanges between the two countries to more than $5 billion in a short period, Mehr News reported.

 

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