Business
IEA seeks to expand economic ties with Central Asian countries
Ministry of Industry and Commerce officials said on Wednesday they will increase efforts to expand economic relations with Central Asian countries in the coming year.
According to officials, Central Asian countries such as Uzbekistan, Turkmenistan and Kazakhstan are interested in expanding economic relations with Afghanistan.
Last week, Kazakhstan’s minister of trade visited Kabul and discussed the issue of expanding trade ties with the Islamic Emirate of Afghanistan (IEA).
“The two sides discussed increasing the level of trade between the two countries to $3 billion, building transportation infrastructure, railways, regional connectivity and investing in Afghanistan’s mineral resources,” Abdulsalam Jawad, the spokesman of the Ministry of Industry and Commerce, said.
Economic experts said that if Afghanistan can strengthen economic relations with Central Asian countries, it will have a positive effect on the economic situation of Afghanistan and the region.
“The more our economic relations with Central Asia expand, the more it will help Afghanistan’s economy and trade. Both Afghanistan and Central Asia will gain greatly. The Islamic Emirate should pay attention to this and if our relations with them expand, it will benefit Afghanistan,” Abdul Jabbar Safi, head of the Union of Industrialists, said.
Experts believe that Afghanistan can connect Central Asia to South Asia, and it plays an important role in expanding trade relations in the region.
“I think Afghanistan should start economic development from Central Asian countries, countries that have rich resources and will help Afghanistan’s economic system,” said Taj Mohammad Talash, an economic expert.
Officials of the Ministry of Industry and Commerce said that the expansion of cooperation in the fields of agriculture, mining, energy production and railway construction in Afghanistan will directly provide employment to thousands of citizens in the country.
Business
Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
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.
Business
Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation
The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.
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.
Business
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.
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.
-
Latest News4 days agoTAPI project sees rapid progress in Afghanistan
-
Business2 days agoAfghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
-
International Sports3 days agoFIFA World Cup: Iran held by Egypt after controversial late goal Is disallowed
-
Latest News3 days agoDelawar says Afghanistan has achieved security and unity after 47 years
-
Latest News3 days agoEU announces major funding to support Afghan small businesses
-
Latest News4 days agoAshura observed across Afghanistan with calls for unity and justice
-
Latest News2 days agoAfghan minister says ‘outsiders’ should not claim to support Afghanistan’s independence
-
Latest News3 days ago6.1-magnitude earthquake hits Afghanistan, epicenter in Badakhshan
