Business
India’s First Wheat Cargo Arrives in Kabul
The first 2,400 tons of Indian wheat shipment via Chabahar port arrived today in Kabul.
The Minister of Agriculture and Irrigation, Nasir Ahmad Durrani said, “Of the 110,000 tons of wheat India is supposed to help Afghanistan, 60,000 tons of it has already arrived in Chabahar.”
Afghan officials noted that more than 17 thousand tons of wheat have been transferred to Ghazni, Nangarhar, Herat, Laghman, Kandahar and Helmand provinces.
“About 23,575 metric tons, including 1,800 containers, have reached the port of Nimroz and have been stored in strategic storage facilities,” Minister Durani added.
According to Durani, the auxiliary wheat crops, which are stored in the strategic reserves of the Afghan provinces, will be used to address the victims of war, natural disasters and balance the grain crop rates in the country.
He emphasized that the Ministry of Agriculture, Irrigation and Livestock plans to develop the country for self-sustaining grain production in the next seven years.
The Chabahar transit route is intended to improve landlocked Afghanistan’s trade connectivity with India and other countries in South and Southeast Asia. It will also help India to access the markets of Central Asia and Europe through Afghanistan, bypassing Pakistan.
As per the trilateral transport and transit deal, Indian exporters will be allowed to utilize Chabahar Port and access markets in Afghanistan through Zahedan.
Business
Acting commerce minister meets Russian deputy PM
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.
Business
Azizi meets with head of Tatarstan on sidelines of Kazan Forum
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.
Business
Afghanistan’s imports and exports totaled $10.3 billion last year
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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