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Gov’t Should Launch Efforts to Inaugurate Lazuli Route: ACCI

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(Last Updated On: October 24, 2022)

22Members at Afghanistan chamber of commerce and industry (ACCI) have demanded the Government to launch efforts to inaugurate the lazuli route for boosting the economy and amid break the dependence on transit for the country.

Insisting on the inauguration officials in chamber of commerce and industry has declared the inauguration of lazuli route is like oxygen for Afghanistan’s economy.

Valuing the issue economy experts also stated that using the lazuli route will save Afghanistan from going into economy crisis and it paves the way for increasing of opportunities for the Afghanistan’s products to be exported to abroad.

Meanwhile officials in Ministry of Foreign Affairs have also announced that the agreement on opening the following route between the related countries Afghanistan, Turkmenistan, Azerbaijan and Turkey is ready.

Deputy of chamber of commerce and industry Baz Moammad said, “We export our dry-fresh fruits, industrial products to European countries and middle Asia markets by using the route, demanding the Government to accelerate its efforts to open the route.”

Economy expert Taj Mohammad Talash said, “This is an important project for Afghan Government economy, but the domestic issues within the related sectarian Ministries caused the efforts to be launched as slow motion.”

The route will be the most cheapest, suitable, and shortest way for Afghanistan’s products to reach to European and middle Asia markets.

Reported by: Aslam Hejaab

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Acting commerce minister meets Russian deputy PM

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(Last Updated On: May 17, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.

Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.

According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.

They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.

Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

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(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

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Afghanistan’s imports and exports totaled $10.3 billion last year

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(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

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