Business
Rah-e-Abrishum Connects Afghanistan to Biggest Business World Way
After the establishing of the big business way of rah-e-abrishum located in north-eastern part of the country, Afghanistan will be connected to the World biggest trade markets.
Most of the economy experts believed that the following high way will enable Afghanistan to decrease the price of imported goods and increase exporting to foreign countries..
Afghan Officials and China have agreed to open up the traditional trade way named Rah-e-Abrishum which connects Afghanistan to the world business markets, claiming by establishing of the such highway it will create thousands of jobs opportunities directly and indirectly and it will also end up to boost and accelerate the economy cycles in the country.
Afghan economy expert Azarakhsh Hafizi believed that after establishing of such trade way several types’ goods from Afghanistan will be exchanged to China markets, it will also accelerate the production of goods to move forwards within the country.
Afghanistan experiences much difficulties while importing china goods in from different ways to the country, there is also no trusts for safety and security of goods and life of Afghan traders the other Afghan economy expert Kako jan Niazai claimed.
Establishing of the following highways will enable Afghanistan to build its infrastructures installations within the country, and Afghanistan will also need some raw materials to be imported from China and exchanging of goods in between the two countries.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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