MoCI seeks to encourage investment in Afghanistan

The Ministry of Commerce and Industry (MoCI) says that besides supporting domestic products, the ministry is trying to encourage internal and foreign investors for investment in the country.

Boosting foreign and domestic investment is considered as a key factor for developing the Afghan fragile economy.

The National Unity Government (NUG) officials stress that encouraging and facilitating investments is a top priority for the government to help grow the country’s economy.

MoCI officials plan to visit all Afghan companies for supporting the domestic products and cooperate to solve their problems in a possible level.

“Government continues supporting domestic products, but cannot give loans,” Mosafer Qoqandi, spokesman of MoCI said.

A number of Afghan businesswomen said that with the formation of the National Unity government unemployment have increased and many women have lost their jobs in different sectors.

The Afghan government needs to take dedicated measures for promoting domestic products and improve Afghanistan’s exports.

The key for this is dedicated plans by the NUG to boost investment in the country and support the private sector.

Improved environment for investment and enabling conditions for doing business will help Afghanistan to reach to the objective of economic self-sufficiency and prosperity.

In order to spur economic growth, all major economic and trade agencies need to work hard to reverse the recent economic and trade decline in the country.

The government will only be able to spur investments and improve the economy only if it serious in creating an enabling environment for business and secure conditions for investments.