Business
Uzbekistan-Afghanistan joint trade zone to be established
Officials in Balkh province said plans are underway to establish a trade zone within two months in the border area of Balkh province and Surhandarya province of Uzbekistan.
Officials said 120 acres of land would be utilized and the cost would be $75 million.
The plan to create a joint trade zone was signed between Afghanistan and Uzbekistan last year in order to expand economic relations and support Afghan businessmen.
Uzbek officials involved in the Afghan-Uzbek joint trade zone, said: “Under the guidance of our president and understanding with the Afghan government, we are trying to establish a joint trade zone between the border of the two countries in order to increase economic relations, increase imports and exports between the two countries. And also to provide the introduction of Afghanistan’s domestic products abroad.”
The trade zone will ultimately allow Afghan business owners to network and trade without visas. Afghan products will also be available to Uzbek traders.
A number of businessmen in Balkh province consider the establishment of this zone as a window of hope for the country’s economy.
“The establishment of this market is good for both countries, it will continue to promote the business of businessmen of the two countries, and the relations between the two neighbors will continue to improve with the establishment of this zone,” said Miwand Ziyai, an investor.
“I am very happy that a joint trade zone is being established and this shows the good relations between the neighboring countries and we are trying to develop these relations because the creation of this zone is good for the national businesses of both countries,” said Afzal Daulatzai, another investor.
“Economically, it plays an important and fundamental role in the field of trade, and we can sell the products we have in this market. Wherever economic activity takes place, it is natural that its benefit reaches both countries, people and economy,” said Sultan Mohammad Tokhi, a resident of Balkh Province.
Local officials in Balkh also say that the creation of a joint trade zone will lead to the development of trade between the two countries.
“A joint trade zone will be created between the border of Afghanistan and Uzbekistan, and this joint zone has good effects on culture, social communication and also in the economic sector,” Zabihullah Noorani, said head of information and culture of Balkh.
Business
Afghanistan, Uzbekistan sign $50 million worth of trade agreements at Mazar-e-Sharif forum
The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.
Afghanistan and Uzbekistan signed 25 cooperation agreements worth $50 million during a bilateral business forum held in the northern city of Mazar-e-Sharif, officials said.
Faiz Ahmad Khawafi, Deputy for Provincial Affairs at the Afghanistan Chamber of Commerce and Investment, said the agreements were signed in the presence of 130 Uzbek businessmen and investors, the governor of Uzbekistan’s Fergana region, as well as Afghan local officials and private sector representatives.
According to Khawafi, the agreements aim to expand bilateral trade, boost investment, and strengthen economic cooperation between Afghanistan and Uzbekistan.
The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.
Business
Iran seeks to establish free trade zone with Afghanistan and China
Business
Afghanistan, Uzbekistan discuss expanding economic, trade and investment cooperation
For his part, Khojayev said Uzbekistan is prepared to invest in Afghanistan’s mining sector and increase imports of Afghan meat and cotton.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, met on Sunday with Uzbekistan’s Deputy Prime Minister, Jamshid Khojayev, and his accompanying delegation at the Chahar Chinar Palace in the Arg to discuss expanding bilateral economic cooperation.
The two sides held talks on strengthening economic, trade, investment, and transit cooperation between Afghanistan and Uzbekistan.
Baradar said stronger and more stable relations between Kabul and Tashkent would not only serve the economic interests of both countries but also contribute to regional stability. He added that the Islamic Emirate is ready to use all available capacities to further strengthen and expand bilateral ties.
He emphasized the effective implementation of the joint action plan between the two countries, describing it as an important step toward boosting economic growth.
Baradar also identified several priority areas for cooperation, including removing obstacles to the movement of Afghan export vehicles to Uzbekistan, granting exemptions for Afghan transit goods arriving from China, Central Asia, and Russia, facilitating exports of Afghanistan’s agricultural products, fresh and dried fruits, food products, and valuable minerals to the markets of Central Asia, Russia, and China, increasing the capacity of transit infrastructure, expanding customs facilities, easing the issuance of visas for Afghan citizens, and enhancing cooperation in the energy sector and joint infrastructure projects.
He said broader cooperation between Afghanistan and Uzbekistan would not only elevate bilateral economic relations but could also serve as a model of good neighborly relations for other countries in the region.
For his part, Khojayev said Uzbekistan is prepared to invest in Afghanistan’s mining sector and increase imports of Afghan meat and cotton.
He also announced Uzbekistan’s readiness to build a $50 million zinc processing plant in Hairatan.
Khojayev added that the Uzbek delegation would work with relevant institutions of the Islamic Emirate in the areas of transport, energy, agricultural development, banking, trade, economic cooperation, and capacity-building for Afghan citizens.
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