Connect with us

Business

Afghanistan Seeks to Use Opportunities of WTO

Published

on

(Last Updated On: October 24, 2022)

wto_03_01_2017_pashto_sot-mpg_snapshot_00-29_2017-01-03_18-06-02The Afghan government has begun efforts to use the opportunities of the World Trade Organization (WTO).

Afghanistan submitted its application to join the WTO in November 2004 and acceded to the World Trade Organization seven months ago.

Reform, bringing ease of Commerce, preparation and implementation of investment strategy, effective use of facilities, preparation of export development strategy is an important component the ministry’s strategy.

“We are taking practical steps in fulfilling the commitments of Afghanistan. We are working on capacity building of the private sector that can use the facilities of WTO,” said Homayoun Rasa, minister of commerce and industry.

Deputy minister of commerce and industry consider WTO very essential for the economic growth and increase of exports.

“It depends on the Afghan government if wants to use the opportunities of WTO. Today’s meeting was about the ways that how to use the facilities of WTO,” said Qurban Haqjo, deputy minister of commerce.

The membership of WTO can ease the trade system in Afghanistan and attract more investment in the country.

“We can raise the level of productions and have a competitive productions and other plans to increase our exports,” Haqjo added.

Currently there are 149 member countries in the WTO and in the nearest future this number will increase.

Advertisement

Business

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

Published

on

(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.

Continue Reading

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

on

(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.

Continue Reading

Business

Afghanistan can become important industrial center in region: Hanafi

Published

on

(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.

Continue Reading
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2022 Ariana News. All rights reserved!