Business
Afghanistan, Uzbekistan to sign power transmission contract
Acting Foreign Minister Mohammad Haneef Atmar and his Uzbek counterpart Abdulaziz Kamilov have agreed on an electricity transmission contract between the two countries, the Ministry of Foreign Affairs said in a statement on Friday.
“The two sides agreed on the signing of a power transmission agreement between Breshna Shirkat and the Uzbek Ministry of Energy, as well as expanding cooperation in trade and transport,” the statement said.
Acting Foreign Minister @MHaneefAtmar, heading a high-level delegation to Tashkent, met with Uzbek Foreign Minister Abdulaziz Kamilov. The two sides agreed on the signing of a power transmission agreement between the two countries & expanding cooperation in trade and transport. pic.twitter.com/EIvdMD9kfv
— MFA Afghanistan 🇦🇫 (@mfa_afghanistan) August 28, 2020
Abdulaziz Kamilov said: “We hope that this historic trip will further enhance political and economic cooperation between the two countries and strengthen our relations in the fields of trade, transport, electricity, and energy.”
According to the statement, the two sides discussed the importance of reconciliation in Afghanistan and the role of Uzbekistan in promoting peace and building regional consensus.
Kamilov emphasized Uzbekistan’s support for an Afghan-led and owned peace process and the position of the Afghan government.
“We hope to see the immediate start of negotiations between the Islamic Republic of Afghanistan and the Taliban,” he added.
Atmar, who headed a high-level Afghan delegation to Tashkent for a two-day official visit, has informed Kamilov about the need for an early start of peace talks, preservation of the Islamic Republic, and the achievements of the past 19 years to ensure a lasting peace.
Atmar assured his Uzbek counterpart that Afghanistan had a strong will to strengthen and expand relations with Uzbekistan.
“We want to improve political, economic, and cultural relations with our friendly neighboring country, Uzbekistan,” Atmar noted.
“In closing, both sides agreed on a roadmap aimed at unifying the views of the leaders of the two countries in order to develop and expand long-term relations,” the statement concluded.
Business
Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.
The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.
Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.
Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.
One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.
According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.
Business
Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation
The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.
The Embassy of the Islamic Emirate of Afghanistan in Kyrgyzstan says the Afghanistan-Kyrgyzstan Business Forum has been held with the participation of officials from both countries.
According to a statement issued by the embassy, Acting Ambassador Abdul Shakoor Haqqani said Afghanistan supports strengthening bilateral trade relations and promoting joint economic initiatives between the two countries.
The statement added that the two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council. The council aims to strengthen ties between business communities, coordinate joint initiatives, and expand and support economic projects.
Meanwhile, Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment, arrived in Kyrgyzstan on Saturday at the head of a trade delegation to participate in the forum.
Business
Afghanistan invites Turkish investors to expand joint investments
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.
According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.
The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.
During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.
The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
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