Business
Mullah Baradar meets with Afghan investors and traders living in Uzbekistan
Baradar assured Afghan investors and businesspeople residing in Uzbekistan that their capital, wealth, and business activities are secure in Afghanistan.
Afghanistan’s Deputy Prime Minister Mullah Abdul Ghani Baradar met with Afghan businessmen living in Uzbekistan on Friday where he urged them to return home and invest in the country.
Addressing business owners at the Afghanistan Embassy in Tashkent, Baradar stated that Afghanistan has been freed from occupation and, after decades, is now enjoying an unprecedented level of nationwide security.
He added that significant steps have been taken to develop the country’s economic growth, major infrastructure projects have been initiated, road reconstruction is progressing rapidly, domestic production and exports have increased, and there has been a relative improvement in the trade balance.
“The investment and trade system has been cleansed of corruption and bureaucracy, and opportunities for investment in various sectors have been provided to both domestic and foreign investors,” he said.
Baradar stated that over the past twenty years, Afghans, especially wealthy individuals, had no security or dignity but under the rule of the Islamic Emirate, the assets and dignity of businesspeople and investors are now safeguarded, allowing them to operate in a secure environment.
He emphasized that investment in sectors such as energy, mining, agriculture, transportation, infrastructure, telecommunications, technology, and healthcare, among many others, is essential for the country’s economic growth and development.
He urged Afghan investors to prioritize these sectors for investment.
The Deputy PM further stated that the Islamic Emirate gives its full support to the private sector, the facilitation of investment opportunities for returning industrialists, businesspeople, and both domestic and foreign investors, as well as the advancement of domestic industries.
He emphasized that the goal is to transform Afghanistan into a regional economic and trade hub and to further expand economic and commercial relations with all countries.
Addressing the investors and traders, Baradar said: “You are the pillars of our country’s economic development. Your investments, experience, and suggestions are valuable to us. Your investments and business activities bring economic benefits to all of Afghanistan.
“We want to create even more investment opportunities for you so that you can utilize your expertise and capital to develop industrial production, agriculture, transit, and other economic sectors.
“The Islamic Emirate is committed to supporting the private sector. For this purpose, it has simplified trade and investment processes, organized the tax system, and is fully committed to protecting all the rights of businesspeople.”
In conclusion, Baradar assured Afghan investors and businesspeople residing in Uzbekistan that their capital, wealth, and business activities are secure in Afghanistan and that the Islamic Emirate will provide all necessary cooperation whenever needed.
He urged all investors and traders to transfer their industries and capital to Afghanistan to contribute to the country’s progress and fulfill their responsibility in national development.
Afghan investors and traders residing in Uzbekistan expressed their support for the expansion of political and economic relations between Afghanistan and Uzbekistan.
Each investor indicated their willingness to invest between $10 million and $100 million in Afghanistan.
They also shared their challenges in various sectors with the Deputy PM and he assured them of solutions.
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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