Business
Silk Road’s Khunjerab Pass opens up to Afghan-China trade
The first ever overland consignment of goods from China to Afghanistan via Pakistan’s Khunjerab Pass in the Gilgit-Baltistan region got underway this week.
A ceremony to mark the occasion was held in Gilgit-Baltistan region on Monday and attended by Pakistani officials.
The President of Pakistan’s Frontier Custom Agents Association (FCAA), Zia-ul-Haq Sarhadi said that this development will not only increase the volume of trade at a regional level, but will also create a large number of livelihood opportunities for people associated with customs clearance, goods transportation, fuel business, daily wagers etc, the Associated Press of Pakistan reported.
The first consignment started its journey from Kasghar, China and after crossing over to Pakistan it was transported via the Khunjerab Pass to Kabul in Afghanistan. This transit route will reduce overland travel time by almost 70% and will reduce logistics costs by more than 30%, Sarhadi said.
Sarhadi who is also the Director of the Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) said that the utilization of the Silk Route by China for transportation of goods to Afghanistan would also be beneficial for early operationalization of the major CEPC project.
Pakistan’s Express Tribune newspaper reported that the first consignment consists of an assortment of dry fruits.
“This inaugural ceremony reflects a monumental step towards fostering stronger ties between nations and promoting cross-border trade,” said Gilgit-Baltistan Chief Secretary Mohyuddin Wani.
“By facilitating the movement of goods from China to Afghanistan via Pakistan, the TIR agreement stands as a testament to the potential of cooperative initiatives in boosting economic growth and regional stability.”
The Ministry of Industry and Commerce of Afghanistan also said on X that the new trade route will reduce the travel time by 70 percent and reduce costs by 30 percent.
The Khunjerab Pass is the highest paved international border crossing in the world and the highest point on the Karakoram Highway.
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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