Business
Mutual MoU of transit of Kabul , Islamabad expired: Alkozai
Officials in chamber of commerce and industry have stated that mutual memorandum of understanding on transit in between Afghanistan Pakistan has expired, but Pakistan still benefits from the following transit based on the memorandum of understanding signed by both countries.
They have also criticized that if Afghanistan doesn’t utilize the APTA memorandum of understanding, Pakistan shouldn’t be benefited.
Deputy of chamber of commerce and industry Khan Jan Alkozai said,” APTA memorandum of understanding expired, but Pakistan is still using that rout and its goods are reaching to middle Asia.”
Its said that APTA has been signed on 2010 in between Afghanistan, Pakistan based on the MoU Pakistan could use Afghanistan’s soil for transiting its goods to middle Asia, but in most cases Pakistan created problems for Afghans traders goods to reach to Wagga port.
US Government had welcomed the announcement made by the Presidents Karzai and Zardari of the full implementation on June 12 of the Afghanistan-Pakistan Transit Trade Agreement (APTA).
This step is a concrete demonstration of the common shared vision of development, prosperity and peace the two Presidents share, and it will make a significant contribution to regional stability.
The APTA was concluded after years of effort and replaces an outdated agreement dating from 1965. It is a major breakthrough, demonstrating strong economic and political cooperation between the two countries. To complete implementation, both countries demonstrated their continuing commitment to work together to overcome technical and political obstacles.
Ministry of commerce and industry spokesman Musafir Qoqandi said,” we have informed Pakistan about the issue two months ago,if Pakistan doesn’t resolve the Afghan businessmen problems the following memorandum of understanding doesn’t mean anything.”
Pakistan has been using that rout and transit it goods to middle Asia in that past years, but couldn’t be a good partner to provide more facilities for Afghan traders to see their goods reached to Wagga port.
Business
Tatarstan businessmen keen to invest in Afghanistan’s oil and gas sector
The Ministry of Mines and Petroleum says that the head of the ministry has met with a number of visiting businessmen and representatives of oil and gas processing companies from the Republic of Tatarstan.
The ministry said at the recent meeting, the visiting businessmen outlined their experience and work in the field of oil and gas extraction and processing.
In a post on X, the ministry quoted the Tatarstan group as having acknowledged an “orderly system” in Afghanistan with complete security and favorable grounds to invest.
The visitors said at the meeting their companies are considering the possibility of investing in the survey, exploration and extraction processes of oil and gas in the country, as well as the refinement stage.
Shahabuddin Delawer, Acting Minister of Mines and Petroleum, welcomed the group’s enthusiasm and said “fortunately, Afghanistan has rich oil and gas resources in various areas,” adding that currently agreements are being drawn up regarding Herat’s oil and gas blocks – something which Tatarstan businessmen could invest in.
Delaware said that the Ministry of Mines and Petroleum is ready to cooperate in accordance with the relevant laws in order to facilitate investment.
Tatarstan, officially the Republic of Tatarstan, is a republic of Russia located in Eastern Europe.
Business
Afghanistan and Turkmenistan firms sign over 10 contracts on construction, food materials
Afghanistan and Turkmenistan companies have signed more than 10 contracts and two memorandums of understanding on construction materials, including iron bars, paint, marble and food materials.
The contracts were signed during the trip of a Turkmen business delegation to Herat province and in the presence of Nooruddin Azizi, Acting Minister of Industry and Commerce.
“There is excellent opportunity for the expansion of trade and economic relations between Afghanistan and Turkmenistan, which both sides should take full advantage of,” Azizi said at the signing ceremony of these contracts, according to a statement released by the Ministry of Industry and Commerce on Tuesday.
The Ministry of Industry and Commerce pointed out that the contracts were inked as a follow-up to visit of the acting minister to Turkmenistan and meeting with its national leader Gurbanguly Berdi Mohammadov.
Earlier, the delegation from Turkmenistan’s private sector said that their goal is to expand economic relations between the private sectors of the two countries. They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Business
Turkmenistan’s industrialists keen to buy Herat-made construction material
Union of Turkmen industrialists is interested in a contract with Herat industrialists in the field of construction materials. The economic delegation of Turkmenistan, which has been in Herat for the past three days, has visited various plants including marble and iron and also paint manufacturers.
The delegation, which is from Turkmenistan’s private sector, says that their goal is to expand economic relations between the private sectors of the two countries.
They said they are hoping to buy hundreds of tons of construction materials from Afghan industrialists every year.
Contracts for the sale of marble, paint and iron bars between the two countries are expected to be signed soon.
“During this trip that we were in Herat and the products that we saw in the factories and especially the works that were handicrafts in the field of marble and onyx, these are really amazing, naturally, in the world of industries handicraft is said to be one of the most expensive and popular products, so we were surprised by the products we saw here,” said a member of the delegation from Turkmenistan.
Herat Chamber of Industries and Mines says that there is now the capacity in Herat Industrial City to produce enough goods in various sectors to export abroad. At present, there are about 40 companies operating in the marble processing sector.
An agreement with the Turkmenistan union for construction materials could be a valuable step for Herat business owners.
Some factory owners also believe that the production of construction materials has improved in recent years, and that the capacities in the production and processing of marble and iron bars have also increased.
Herat Chamber of Industries and Mines says that currently more than 800 factories are active in the industrial town of this province.
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