Business
Ghani meets with ADB executives to discuss Afghanistan’s priorities
Asian Development Bank (ADB) Vice-President Shixin Chen and Afghanistan President Ashraf Ghani on Tuesday discussed ADB’s ongoing and planned assistance for the country’s development and infrastructure priorities, including efforts to support the post-coronavirus disease (COVID-19) pandemic recovery.
According to Chen: “2020 has been a challenging year for everyone, including the people of Afghanistan. However, 2020 also has the potential to bring new hope and opportunities for the country, including with the peace talks and the upcoming 2020 Afghanistan Conference.”
In a statement issued by ADB, Chen added: “This year has also brought an important commitment from our Asian Development Fund donors to continue the special allocation for Afghanistan during 2021–2024. This will help improve the lives of Afghans by addressing critical socioeconomic constraints and support important development agendas, including the post-COVID-19 recovery.”
Chen, who was joined in the meeting by other ADB officials, commended Afghanistan’s efforts to support economic development and manage the severe impact of COVID-19 on the people and economy.
ADB has supported Afghanistan’s efforts to fight coronavirus through a $40 million emergency assistance grant.
This grant has enabled an integrated approach to improve patient treatment and management through the construction of hospitals and medical facilities, provision of essential medicines and medical equipment, and capacity development of frontline health workers.
Ghani in turn expressed his appreciation for ADB’s support for infrastructure development, regional integration, and reform priorities and also thanked the ADB for its timely support to the country’s fight against COVID-19.
Afghanistan’s First Vice-President Amrullah Saleh and ADB Governor for Afghanistan and Acting Minister of Finance Abdul Hadi Arghandiwal also attended the meeting.
Discussions also focused on areas for future ADB assistance, including regional connectivity projects such as Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline and Central Asia Regional Economic Cooperation (CAREC) Corridors 5 and 6 Road and Border Services Improvement Project.
Ghani emphasized the importance of regional cooperation to lift Afghanistan’s economy and requested ADB’s support for regional cooperation programs in energy and transport sectors.
ADB is one of Afghanistan’s largest development partners and has provided $5.9 billion in assistance since 2002.
Business
Afghanistan and Iran discuss boosting trade and investment ties
Both sides agreed to follow up on the issues raised, improve coordination between relevant economic institutions and work towards removing barriers to trade.
Afghanistan and Iran have held talks on expanding bilateral trade, improving cross-border commerce and creating new investment opportunities for businesses in both countries.
The discussions took place during a meeting between a trade delegation from Afghanistan’s Kandahar province and representatives of the Iran-Afghanistan Joint Chamber of Commerce.
The Afghan delegation was led by Kamaluddin Tawhid, Chairman of the Afghanistan-Iran Joint Chamber of Commerce, who met with his Iranian counterpart, Mahmoud Seyadat, along with members of the chamber’s board of directors. Afghanistan’s Consul General in Mashhad, Noor Mohammad Mutawakkil, also attended.
The talks focused on strengthening economic cooperation, streamlining trade procedures at ports and border crossings, and encouraging joint investment by Afghan and Iranian companies.
Participants also raised several practical obstacles affecting commercial activities, including foreign exchange obligations, visa arrangements for Afghan truck drivers and the movement of Afghan freight vehicles through Iranian territory.
Tawhid highlighted Kandahar’s economic potential and investment opportunities across Afghanistan, urging Iranian businesses to play a greater role in the country’s economy.
He also pointed to investment opportunities identified by Afghanistan’s Ministry of Industry and Commerce, stressing the need for improved facilities for private-sector businesses and closer cooperation between the two countries’ commercial communities.
Both sides agreed to follow up on the issues raised, improve coordination between relevant economic institutions and work towards removing barriers to trade.
The meeting concluded with a commitment to strengthen commercial exchanges and expand trade and investment relations between Afghanistan and Iran.
Business
UK-Afghanistan trade falls 16.7% to £70 million over 12 months
Trade in goods and services between the United Kingdom and Afghanistan declined by 16.7 percent to £70 million in the 12 months to the end of June 2026, according to the latest figures published by the UK Department for Business and Trade.
The department’s trade and investment factsheet, released on November 6, shows that bilateral trade fell by £14 million compared with the same period a year earlier.
UK exports to Afghanistan totalled £57 million, down 18.6 percent or £13 million, while imports from Afghanistan stood at £13 million, representing a 7.1 percent decline.
The figures show that goods accounted for £32 million, or 45.7 percent, of total trade, while services made up the remaining £38 million, or 54.3 percent.
UK exports to Afghanistan included beverages, pharmaceutical products, dairy products, road vehicles and industrial machinery.
Vegetables and fruit were the leading Afghan goods exports to the UK, worth £1.7 million. Clothing and textile fabrics were also among the main products exported.
The report ranks Afghanistan as the UK’s 166th-largest trading partner, accounting for less than 0.1 percent of the UK’s total trade during the period.
Business
Afghanistan and Russia discuss expanding trade and investment ties
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors.
Afghanistan and Russia have discussed ways to strengthen bilateral trade, expand private-sector cooperation and attract new investment during a meeting in Kabul.
Inayatullah Sediqzi, Deputy Head of the Afghanistan Chamber of Commerce and Investment (ACCI) for Services, met with Russian Ambassador to Afghanistan Dmitry Zhirnov on the sidelines of an event marking Russia’s National Unity Day on Wednesday, November 4.
The event was hosted by the Russian Embassy in Kabul.
According to a statement from the ACCI, discussions focused on boosting economic relations, increasing bilateral trade and creating greater opportunities for businesspeople and investors from both countries.
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors, exploring new areas of economic partnership and establishing stronger direct links between their respective business communities.
The discussions reflect Afghanistan’s continued efforts to expand economic engagement with regional and international partners, with increased trade, private-sector development and foreign investment remaining key priorities.
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