Business
USAID facilitates trade between Pakistan and Uzbekistan via Afghanistan
The United States Agency for International Development (USAID), in collaboration with TCS Logistics in Pakistan, has successfully carried out a trial shipment of herbal medicines to Uzbekistan, from Karachi in Pakistan, via Afghanistan.
The shipment left Karachi on April 29 and arrived in Tashkent on Tuesday, the US Embassy in Uzbekistan said in a statement.
The pilot shipment was inline with the Transports Internationaux Routiers (TIR) Convention, a customs agreement that facilitates the international transport of goods.
The pilot is the first in a series of five planned trial runs to the countries of Central Asia through Afghanistan and China aimed at testing the viability of various routes for international transit to Central Asia and beyond under the TIR Convention.
The successful execution of the first pilot to Tashkent will build confidence among traders and transport operators from both sides to adopt TIR for cross border trade and transit and boost regional trade integration and connectivity, the statement read.
Officials at the Afghan Ministry of Industry and Trade said Thursday that for the first time, a commercial shipment of Pakistani health products arrived in Uzbekistan from Afghanistan in accordance with the TIR.
According to officials this is also in line with the Afghan government’s attempts to improve relations with neighboring countries.
Members of Afghanistan’s private sector have welcomed the move, calling for stronger trade ties between Afghanistan and Pakistan.
They express the hope that they will be able to transport their commercial goods to Central Asia through the TIR system.
Technical and financial support for the initiative has been provided by USAID through its Pakistan Regional Economic Integration activity in support of its ongoing assistance to Pakistan for streamlining TIR operations to enhance trade connectivity.
Additional support in destination countries for the execution of these pilots is being provided by the Competitiveness, Trade, and Jobs, another USAID-funded activity in Central Asia.
TCS Logistics is a leading Pakistani company providing courier, logistics and e-commerce services to the corporate sector, SMEs, and individual households both nationally and internationally.
It is the only logistics operator to date that has been licensed to carry out TIR operations by the Pakistan National Committee of the International Chamber of Commerce under the authorization of the International Road Transport Union.
The TIR Convention was signed in 1975 under the auspices of the United Nations Economic Commission for Europe (UNECE).
Pakistan acceded to the TIR Convention on July 24, 2015 and was declared as a ‘TIR operational country’ by the IRU on April 19, 2018. TIR is widely used for international transit of goods in Europe, the Middle East, and Asia and is being rapidly adopted in Afghanistan and Central Asian countries which are all contracting parties to the Convention, the US Embassy stated.
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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