Business
Afghanistan’s exports swell to almost $2 billion
The Ministry of Industry and Commerce (MoIC) said Thursday that by the end of the current solar year (March 20), Afghanistan’s exports will total a healthy $2 billion.
MoCI officials said the country’s largest export destination this year has been Pakistan – of which the value totals more than $1 billion.
“Our exports were very good compared to last year, the goals that we had set, approximately, we reached them,” said Akhundzada Abdul Salam Jawad, a spokesman for the MoIC.
“Also, the exports that we had this year, the target was almost $2 billion dollars and Inshallah, we will reach that goal,” he added.
“Now, we have almost reached the target. Over the past ten months, we exported about $1.88 billion worth of goods.”
Chamber of Commerce and Investment (ACCI) officials meanwhile said they hope that by the end of this solar year, the export volumes will hit the $2 billion mark. They said the export sector had improved.
“Exports are flowing well, really better than last year, and efforts are on to reach the target of two billion dollars,” said Khanjan Alokozai, a member of the ACCI.
Economic experts are also happy with the increase in exports this year, asking the industry and commerce ministry to look for different markets to expand sales and to not only rely on one market.
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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