Business
Japan pledges over $122 million in aid to Afghanistan for 2021
Japan has announced its decision to provide over $122 million to support humanitarian and development programs in Afghanistan for the year 2021.
In a statement issued on Monday, by the Japanese Embassy in Kabul, this aid “is a vigorous step forward in realizing Japan’s pledge delivered at the Geneva Conference in November 2020, where Foreign Minister Mr. Motegi Toshimitsu affirmed Japan’s long-lasting friendship with and support for the people of Afghanistan, and pledged financial assistance up to 180 million USD per year between 2021 and 2024, a figure
comparable to the past four years.”
The embassy stated that this $122.2 million contribution forms a part of Japan’s assistance to Afghanistan to be disbursed in 2021.
“It will enable implementation of 17 humanitarian and development assistance projects orchestrated by various organizations throughout the country, aiming for the betterment of livelihoods through multiple approaches,” read the statement.
“Enhanced security sector plays an essential role in the Afghan-led nation building as we gaze at peace on the horizon. Our continuous contribution to the Law and Order Trust Fund for Afghanistan (LOTFA) exemplifies Japan’s commitment for a peaceful Afghanistan, as LOTFA is a significant multi donor program that plays a vital role in strengthening the country’s security sector,” said Japan’s Ambassador to Afghanistan OKADA Takashi.
“In light of the global pandemic, we also believe that assistance for vulnerable segment of the population who are most severely affected is essential. We truly hope that this new support will contribute to bringing about as many joyous smiles of Afghan people as possible,” he said.
Japan has been assisting Afghanistan’s nation-building efforts in various
fields including security, agriculture, rural development, human capacity
development, education, health, infrastructure, culture and humanitarian
assistance for many years.
With the upcoming disbursement of $122.2 million, the cumulative Japanese assistance to Afghanistan since 2001 will amount to $6.9 billion.
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.
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