Business
Afghan, Pakistani officials hammer out transit agreement to facilitate trade
Afghanistan and Pakistan trade and transit officials met earlier this month to discuss the implementation of Temporary Admission Document (TAD) which would enable free movement of cargo trucks between the two countries.
Via video link on March 1, Afghanistan’s acting minister of industry and commerce, Nooruddin Azizi, and Pakistan’s advisor to the prime minister of Pakistan on commerce and investment, Abdul Razak Dawood, also discussed “the finalization of APTTA and other trade and transit matters”, the Pakistan government said in a statement Wednesday.
“Both sides agreed to allow free movement of trucks between Afghanistan & Pakistan subject to agreed modalities via TAD procedure and cross stuffing, effective from 21st March 2022,” read the statement.
“Transporters from Afghanistan side can apply to obtain TAD from Pak-Embassy at Kabul & consulate in Kandahar. Transporters from Pakistan side can apply to obtain TAD from Consulates of Afghanistan based in Peshawar & Quetta.”
Both sides termed it to be a historic moment and said they were committed to chart out a joint road map for the resolution of pending transit and trade issues.
The Afghanistan–Pakistan Transit Trade Agreement (also known as APTTA) is a bilateral trade agreement signed in 2010 by Pakistan and Afghanistan that calls for greater facilitation in the movement of goods amongst the two countries.
Business
Afghanistan raises import tariffs on several goods to support domestic industry
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Afghanistan’s Ministry of Finance says it has increased customs tariffs on several imported goods as part of measures aimed at supporting domestic production and industrial growth.
The ministry said the Tariff Committee approved the changes during its third meeting of the 1405 solar year.
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Tariffs on leather footwear and plaster have each increased from 50% to 80%, while the rate on sanitary diapers has risen from 20% to 25%.
At the same time, the tariff on heart springs has been reduced from 8% to 3.5%.
The Ministry of Finance said customs tariffs on cement, iron pipes, refrigerators and raw materials used in carpet production are also under review.
According to the ministry, the tariff adjustments are intended to protect domestic industries, strengthen local production and create conditions for further growth in trade.
Business
Afghanistan-Kazakhstan trade reaches $581 million in six months
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Trade between Afghanistan and Kazakhstan reached $581 million in the past six months, officials in Afghanistan’s western Herat province said.
The figure was discussed during a meeting between Herat Governor Noor Ahmad Islam Jar and a Kazakh delegation led by Yerkin Tukumov, Kazakhstan’s special representative for Afghanistan.
Tukumov stressed the need to expand transit capacity and remove customs barriers to facilitate increased trade between the two countries. He also invited Afghan officials to attend a joint economic meeting scheduled to take place in Kazakhstan.
Islam Jar highlighted Herat’s strategic location and security, describing the province as having significant potential to serve as a hub for investment and regional trade.
Afghanistan and Kazakhstan have previously discussed expanding trade in agricultural products, including Afghan agricultural exports in exchange for flour imports from Kazakhstan.
The two sides have also reached understandings on cooperation over the Torghundi-Herat railway project, which is intended to strengthen transport and trade links.
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Business
Ariana Afghan Airlines increases Kabul-Delhi cargo flights
Ariana Afghan Airlines has increased cargo flights between Kabul and Delhi to facilitate the transportation of commercial goods and support Afghan traders.
In a statement issued Saturday, the airline said it will now operate two scheduled cargo flights daily on the Kabul-Delhi route, up from one flight per day previously.
The airline said Afghan traders and commercial companies can use the daily cargo services to transport their goods quickly, safely and reliably between Afghanistan and India.
Ariana Afghan Airlines said it is working to further expand and improve its air cargo services to support trade, meet the needs of Afghan traders and facilitate Afghanistan’s exports and imports.
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