Business
Saffron sector suffering as 50% of exporters close down
Chamber of Agriculture and Livestock officials said Wednesday that 50 percent of the saffron exporting companies in the country have stopped operating due to a number of reasons including the COVID-19 pandemic and the economic turmoil in Afghanistan.
Chamber officials have appealed to the Ministry of Agriculture and Livestock to take measures to help farmers cultivate saffron and grow the export sector.
The Minister of Agriculture, Irrigation and Livestock (MoAIL) says that they have started the process of distributing saffron bulbs to farmers and that they are committed to supporting the sector.
Saffron is considered one of the most important agricultural products of the country, but in recent years, producers and exporters have faced many problems.
Industry experts said the pandemic had a huge impact on export volumes as did the political developments in the country.
According to the Agriculture and Livestock Chamber, although the country’s saffron is world famous, the situation is getting worse every day and half of the export companies have stopped operating.
“Our country’s saffron has a good name and good buyers in the international markets, and we hope that the sector ministries will pay serious attention to saffron,” said Mirwais Hajizada, the deputy of the Chamber of Agriculture and Livestock.
According to him, the number of active export companies in this sector was once 70, but now only 35 are still operational. Hundreds of people have also lost their jobs.
“Our problem is related to the last four years, and we are currently facing problems for export, and our production has also decreased. We must pay serious attention to this sector,” said Mohammad Naser Faizi, a member of the Saffron Exporters Association.
Ministry officials said they have expanded their efforts to develop the saffron sector and have started the process of distributing saffron bulbs to farmers in some provinces.
“We are trying to provide more facilities in the field of saffron cultivation, production and export so that we can have our customers in the international markets like before,” said Mawolavi Mesbahuddin Mustaeen, the ministry’s spokesperson.
Experts have said that with the ban on poppy farming, saffron could be a good alternative for these farmers.
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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