Business
Donors to halt financial supports on TA electricity project
Lower house of the parliament has summoned the deputy of the Minister of Water and Energy to provide more details over the TA project which has recently provoked major disagreements among residents of some of the provinces in Afghanistan under the name of TUTAP electricity project.
Deputy Minister of Water and Energy Amanullah Ghalib declared different major problems are stance against the following National power project, over costing of the project, 28 months delays, and deadline of the Donors will make Afghanistan officials to finalize the following project as soon as possible.”
He also mentioned that Afghanistan Government is committed to ensure electricity for Bamyan residents till 2018.
“Different issues have halted Afghan Government not to implement the Turkmenistan- Afghanistan( TA) electricity project through central provinces, over costing of the project, 28 months of delays,$35 million new power cables should be bought for 80 kilo meters, and the deadline of the donors if we don’t finalize the draft of the project donors will cut their financial aids Deputy Minister of Water and Energy Mr. Ghalib said,”
Meanwhile head of the Afghanistan power department Mirwais Alemi said,” efforts are underway to ensure electricity for Bamyan Province by coming 2018, if we don’t finalize the plan for electricity coming from Turkmenistan we will have to pay $ 50 million damages because the electricity coming from Turkmenistan is much cheaper than Uzbekistan.”
Mp Urfanullah Urfan said,” TA is known as TUTAP among Afghan officials and Nation has taken political shape in it, all Afghans should be convinced, and officials in Ministry of Water and energy and Afghanistan electricity department should do this.”
Officials in Ministry Water and Energy have mentioned that the following electricity project is named TA where cheaper electricity is ensured by Turkmenistan to Afghanistan, but officials and Afghan Nation has mistakenly repeated the word for TUTAP, TUTAP has been drafted and agreement was also signed in between the Turkmenistan, Uzbeckistan,Tajikistan, Afghanistan and Pakistan several years ago which it practical work yet to begin.
Reported by Rafi Sediqee
Business
Afghanistan Chamber of Commerce officials meet FM Muttaqi to discuss trade issues
Officials from the Afghanistan Chamber of Commerce and Investment (ACCI) met with Foreign Minister Amir Khan Muttaqi on Tuesday to discuss key issues related to trade, transit, and investment in the country.
During the meeting, Syed Karim Hashemi, head of the ACCI, highlighted the importance of attracting foreign investors to various economic sectors and called on the Ministry of Foreign Affairs to provide additional support and facilitation to encourage investment. He also addressed matters concerning the operations and development of the Chamber itself.
Minister Muttaqi welcomed the Chamber’s proposals and pledged full cooperation from the Ministry in trade and transit initiatives, particularly by creating enhanced facilities for foreign investors to promote economic growth in Afghanistan.
Business
Trump says nations doing business with Iran face 25% tariff on US trade
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on any trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” Trump said in a post on Truth Social, Reuters reported.
Tariffs are paid by U.S. importers of goods from those countries. Iran, a member of the OPEC oil producing group, has been heavily sanctioned by Washington for years. It exports much of its oil to China, with Turkey, Iraq, the United Arab Emirates and India among its other top trading partners.
“This Order is final and conclusive,” Trump said without providing any further detail.
There was no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use to impose the tariffs, or whether they would be aimed at all of Iran’s trading partners. The White House did not respond to a request for comment.
The Chinese embassy in Washington criticized Trump’s approach, saying China will take “all necessary measures” to safeguard its interests and opposed “any illicit unilateral sanctions and long-arm jurisdiction.”
“China’s position against the indiscriminate imposition of tariffs is consistent and clear. Tariff wars and trade wars have no winners, and coercion and pressure cannot solve problems,” a spokesperson of the Chinese embassy in Washington said on X.
Iran, which had a 12-day war with U.S. ally Israel last year and whose nuclear facilities the U.S. military bombed in June, is seeing its biggest anti-government demonstrations in years.
Trump has said the U.S. may meet Iranian officials and that he was in contact with Iran’s opposition, while piling pressure on its leaders, including threatening military action.
Tehran said on Monday it was keeping communication channels with Washington open as Trump considered how to respond to the situation in Iran, which has posed one of the gravest tests of clerical rule in the country since the Islamic Revolution in 1979.
Demonstrations evolved from complaints about dire economic hardships to defiant calls for the fall of the deeply entrenched clerical establishment. U.S.-based rights group HRANA said it had verified the deaths of 599 people – 510 protesters and 89 security personnel – since the protests began on December 28.
While air strikes were one of many alternatives open to Trump, “diplomacy is always the first option for the president,” White House press secretary Karoline Leavitt said on Monday.
During the course of his second term in office, Trump has often threatened and imposed tariffs on other countries over their ties with U.S. adversaries and over trade policies that he has described as unfair to Washington.
Trump’s trade policy is under legal pressure as the U.S. Supreme Court is considering striking down a broad swathe of Trump’s existing tariffs.
Iran exported products to 147 trading partners in 2022, according to World Bank’s most recent data.
Business
Afghanistan–China joint market opens in Kabul
In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.
The Afghanistan Chamber of Commerce and Investment (ACCI) has announced the official opening of a joint Afghanistan–China market in Kabul, established through shared investment by Afghan and Chinese traders.
In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.
Officials overseeing the project said the goods are being sold at competitive prices while meeting quality standards, with the aim of expanding choices for Kabul residents and supporting local traders.
They noted that joint initiatives of this nature can contribute significantly to economic growth, enhance bilateral trade ties between Afghanistan and China, and encourage increased foreign investment.
The launch of the Afghan–China Market aligns with broader efforts to strengthen regional trade cooperation and generate new business and employment opportunities within Afghanistan.
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