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Afghanistan, Turkmenistan, Azerbaijan to expand trade ties

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Last Updated on: October 25, 2022

Afghanistan, Turkmenistan, and Azerbaijan have agreed to form a joint committee to expand trade and transportation relations. 

The leaders of the three countries in an online meeting discussed the formation of a joint committee that could work on regional connectivity, railway development, fiber optics, and transportation.

In a tripartite meeting between Afghan President Ashraf Ghani, Turkmen President Gurbanguly Berdimuhamedow, and Azerbaijani President Ilham Aliyev, the three leaders discussed trade cooperation. They agreed on the proposal of the President of Azerbaijan to form a joint delegation, which includes ministers of transport and other officials from the three countries.

Afghan President Mohammad Ashraf Ghani welcomed the proposal of the President of Azerbaijan to form a joint delegation of the three countries

At the meeting, the President of Turkmenistan supported the plan of the port of Aqina and Turgundi to better transmit commercial goods.

“So the first thing is to welcome President Aliyev’s suggestion backed by President Berdimuhamedow that we form a joint task force at the level of heads of transports and other relevant ministries from the three ministries,” said Afghan Pres. Ghani.

During the meeting, Mr. Ghani also announced the development of a railway in Afghanistan, saying that the country needs 4,000 to 6,000 kilometers of railways for economic development and that international partners have expressed readiness to cooperate in this area.

Turkmenistan has expanded the railway network to the ports of Aqina and Torghundi for trade with Afghanistan, which the Afghan government wants to become standard ports.

Ashraf Ghani added: “We are creating dry ports to eight locations in Afghanistan… the finance development cooperation of the United States is now willing and ready to work with us to offer guarantees.”

 In the past, Afghans relied heavily on the Pakistani port of Karachi for trade with the world. With the opening of Iran’s Chabahar port and the opening of new transit routes through Central Asian countries, Afghanistan has been able to reduce its reliance on the port of Karachi in recent years

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‘Made in Afghanistan’ expo opens in Tashkent

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The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.

According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.

More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.

Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.

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Afghani strengthens nearly 10% against US dollar amid banking sector reforms

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

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Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.

Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.

Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.

Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.

They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.

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Uzbekistan delivers over 290 tons of aid to Afghanistan

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

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Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.

Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.

Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.

The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.

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