Business
Afghanistan’s exports to India total almost $200 million in past 9 months
The Ministry of Industry and Commerce (MoIC) says over the past nine months, Afghanistan has exported goods to India worth $159 million, most of which was asafetida, saffron and pistachio nuts.
The MoIC officials said Tuesday they would try to expand economic relations between Kabul and New Delhi because India can become one of Afghanistan’s major economic partners.
“In the last nine months, our exports to India totalled $159 million,” said Abdul Salam Akhundzada, a spokesman for the MoIC.
According to MoIC’s officials, Afghanistan has imported goods worth $291 million from India in nine months, and the total trade volume is $450 million.
“The important goods we exported were pistachio, cumin, raisins, saffron and asafetida seeds, and we imported sugar, medical spices and various clothes from India,” said Akhundzada.
“And our imports from India totals $291 million.”
However, the Afghanistan Chamber of Commerce and Investment (ACCI) has said that there are currently problems with the export and import of goods from India but once these problems are solved, the trade volume will amount to $1 billion.
Meanwhile, the commodities are being transported from Afghanistan to India and vice versa via the air corridor, Wagah port in Pakistan and Bandar Abbas in Iran.
Business
Azizi calls on Malaysian investors to invest in Afghanistan
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.
Business
Afghanistan starts exporting via railway to Turkey
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.
Business
Afghanistan, Kazakhstan to hold joint expo in Kabul
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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