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IEA urges China to include Afghanistan in ‘One Belt One Road’ initiative

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(Last Updated On: October 27, 2022)

Mullah Abdul Ghani Baradar Akhund, the Deputy Prime Minister for Economic Affairs, met with China’s Ambassador to Kabul Wang Yu on Wednesday and called on Beijing to include Afghanistan in the “One Belt One Road” initiative.

According to a statement released by Baradar’s office, the focus of the meeting was on the implementation of key economic projects that have been agreed upon by the two countries.

“The Islamic Emirate of Afghanistan (IEA), wishes to strengthen the long-standing ties between China and Afghanistan,” Baradar said.

Baradar also stated that China holds the top spot in the international economic forum and urged it to invest in Afghanistan.

“Afghanistan has a variety of natural resources and has turned out to be a secure place for investment,” Baradar said.

Meanwhile, Wang stated that his country “wants to deepen its ties with Afghanistan and supports the new government in any situation.”

“China had plans to soon start the implementation of the projects and to finish off other major incomplete projects that were supported by the World Bank or the ADB,” Wang claimed.

In addition, he requested information from the IEA regarding the projects that were high on their list of priorities so that they could plan their investment in those areas.

The Chinese ambassador further stated that his nation would make every effort to maintain its bilateral ties and collaboration with the Islamic Emirate of Afghanistan in any circumstance, read the statement.

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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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