Business
Foreign ministry says CPEC project will help boost economy
Hafiz Zia Ahmad Takal, the spokesman of the Ministry of Foreign Affairs of the Islamic Emirate, says that by connecting to the China-Pakistan Economic Corridor (CPEC), Afghanistan will be able to connect to the countries of the region and Europe and continue to attract investment.
Takal said that with the advent of security in the country, it is now necessary to implement large projects, including projects such as CPEC.
China-Pakistan Economic Corridor is a framework of regional connectivity.
CPEC will not only benefit China and Pakistan but will have a positive impact on Iran, Afghanistan, Central Asian Republic, and the region.
“Afghanistan will play a key role in connecting the countries of the region. Considering the geographical location of Afghanistan, it is a very important point, especially for Asian countries, which can be used in the connection and transit of the region,” Takal said.
“Islamic Emirate of Afghanistan has provided investment grounds for the international community and regional countries to invest in Afghanistan and implement their projects,” he said.
This comes after the recent tripartite meeting of the Foreign Ministers of the Islamic Emirate, China and Pakistan in Islamabad, where it was announced that Afghanistan would be included in this key project.
In a statement issued after the meeting, the group noted the importance of continuing economic cooperation with Afghanistan and the implementation of TAPI, CASA-1,000 and railway projects. Pakistan’s Foreign Minister Bilawal Bhutto Zardari and China’s Foreign Minister Qin Gang stated that the purpose of Afghanistan’s inclusion in CPEC is to continue economic cooperation with Afghanistan.
The Islamic Emirate of Afghanistan has said that being included in this project would be highly beneficial to Afghanistan as it would allow for improved import of goods and for export of domestic products.
The China-Pakistan Economic Corridor (CPEC) is part of China’s initiative called “One Belt One Road”, which China is hoping will connect regional countries and boost trade.
Business
Afghanistan raises import tariffs on several goods to support domestic industry
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Afghanistan’s Ministry of Finance says it has increased customs tariffs on several imported goods as part of measures aimed at supporting domestic production and industrial growth.
The ministry said the Tariff Committee approved the changes during its third meeting of the 1405 solar year.
Under the new rates, the customs tariff on bottles has increased from 12% to 16%, while the tariff on construction paint has risen from 16% to 30%.
Tariffs on leather footwear and plaster have each increased from 50% to 80%, while the rate on sanitary diapers has risen from 20% to 25%.
At the same time, the tariff on heart springs has been reduced from 8% to 3.5%.
The Ministry of Finance said customs tariffs on cement, iron pipes, refrigerators and raw materials used in carpet production are also under review.
According to the ministry, the tariff adjustments are intended to protect domestic industries, strengthen local production and create conditions for further growth in trade.
Business
Afghanistan-Kazakhstan trade reaches $581 million in six months
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Trade between Afghanistan and Kazakhstan reached $581 million in the past six months, officials in Afghanistan’s western Herat province said.
The figure was discussed during a meeting between Herat Governor Noor Ahmad Islam Jar and a Kazakh delegation led by Yerkin Tukumov, Kazakhstan’s special representative for Afghanistan.
Tukumov stressed the need to expand transit capacity and remove customs barriers to facilitate increased trade between the two countries. He also invited Afghan officials to attend a joint economic meeting scheduled to take place in Kazakhstan.
Islam Jar highlighted Herat’s strategic location and security, describing the province as having significant potential to serve as a hub for investment and regional trade.
Afghanistan and Kazakhstan have previously discussed expanding trade in agricultural products, including Afghan agricultural exports in exchange for flour imports from Kazakhstan.
The two sides have also reached understandings on cooperation over the Torghundi-Herat railway project, which is intended to strengthen transport and trade links.
The latest discussions come as Kabul and Astana work on a bilateral economic cooperation roadmap, with the two countries aiming to increase annual trade to $3 billion.
Business
Ariana Afghan Airlines increases Kabul-Delhi cargo flights
Ariana Afghan Airlines has increased cargo flights between Kabul and Delhi to facilitate the transportation of commercial goods and support Afghan traders.
In a statement issued Saturday, the airline said it will now operate two scheduled cargo flights daily on the Kabul-Delhi route, up from one flight per day previously.
The airline said Afghan traders and commercial companies can use the daily cargo services to transport their goods quickly, safely and reliably between Afghanistan and India.
Ariana Afghan Airlines said it is working to further expand and improve its air cargo services to support trade, meet the needs of Afghan traders and facilitate Afghanistan’s exports and imports.
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