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Three-day emerald exhibition held in Panjshir

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

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The Ministry of Industry and Commerce (MoIC) said Wednesday in a statement that the first three-day emerald expo was held in Panjshir in the hope of boosting exports.

He said the three-day expo was organized in cooperation with the Ministry of Industry and Commerce in order to boost exports, display handicrafts and local culture, develop livestock farming and agricultural products, medicinal plants, and encourage people to use domestic products and attract investment, a statement read.

This was the first expo of its sort in Panjshir and 48 booths showcased emeralds, other precious and semi-precious stones, and other products including carpets and non-alcoholic beverages.

 

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Afghan nationals have invested $3 billion in Iran

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

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Iranian media, citing Mahmoud Siadat, the head of the Iran-Afghanistan Chamber of Commerce, have reported that Afghan citizens have invested about $3 billion in Iran.

According to ISNA, Siadat said this week: “Today, more than 50 percent of foreign companies registered in Iran are Afghan companies.”

He also stated that Afghan nationals are the largest group of foreign investors in Iran.

According to Siadat, private sector organizations in the field of trade with Afghanistan and the joint chamber of the two countries are important and vital for the growth of the economy.

Siadat has also proposed that to grow the economies of Afghanistan and Iran, support should be provided to Afghan economic activists and their capabilities should be utilized.

 

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Iran’s non-oil exports to Afghanistan increases in first three months of 1403

Roustaei said that Iran’s export of non-oil products to Afghanistan exceeded $517 million between March 21 to June 22, 2024, showing a 31 and 23 percent growth in value and weight, respectively, Mehr News reported.

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Iran’s commercial attaché to Afghanistan, Hossein Roustaei, reported an increase of $123 million worth of non-oil exports to Afghanistan in the first three months of this solar year.

Roustaei said that Iran’s export of non-oil products to Afghanistan exceeded $517 million between March 21 to June 22, 2024, showing a 31 and 23 percent growth in value and weight, respectively, Mehr News reported.

The administration of the late President Ebrahim Raeisi prioritized expanding the trade-economic relations with neighboring countries, he added.

In that period, Iran exported light lubricants, oil products, iron- and steel ingots, polyethylene, urea, light- and heavy hydrocarbons, cements, tomatoes, apples, potatoes, fresh fruits and vegetables, oranges, infant formula, tiles and ceramics to Afghanistan.

Afghanistan is Iran’s fifth export target market, he said, adding that Afghan people and traders are familiar with Iranian products and this issue has paved suitable ways for the increase of the volume of trade exchanges between the two countries to more than $5 billion in a short period, Mehr News reported.

 

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Azizi calls for Uzbekistan to invest in Afghanistan’s oil, gas, copper mines

Meanwhile, Bobir Farkhadovich Islamov, the Minister of Mining Industry and Geology of Uzbekistan called for an investment support agreement between the two countries.

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Acting Minister of Industry and Commerce Nooruddin Azizi in a meeting with the Minister of Mining Industry and Geology of Uzbekistan has called for the country’s investment in Afghanistan’s oil, gas, and copper mines.

According to a statement released by the Ministry of Industry and Commerce on Saturday, Azizi said that Uzbekistan should invest in the oil and gas mines in northern Afghanistan as it is advantageous in terms of proximity and providing easy access to markets in the region.

He also proposed to Uzbekistan to invest in copper mines in Ghazni and Herat provinces and to establish mineral processing factories in Afghanistan.

Meanwhile, Bobir Farkhadovich Islamov, the Minister of Mining Industry and Geology of Uzbekistan called for an investment support agreement between the two countries.

He also mentioned the establishment of two large factories in the field of copper processing in Uzbekistan, and said that these factories have an urgent need for raw materials, which will be met by the exploration and extraction of copper from Afghanistan.

In the meeting, it was decided that an official delegation from Uzbekistan will travel to Afghanistan to carry out survey and technical work in coordination with the Ministry of Mines and Petroleum of Afghanistan.

 

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