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Foreign ministry says CPEC project will help boost economy

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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.

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Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan

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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.

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Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation

The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.

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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.

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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.

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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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