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Uzbekistan-Afghanistan joint trade zone to be established



(Last Updated On: August 26, 2022)

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.


Five countries eager to invest in lithium mines in Nuristan: officials



(Last Updated On: March 24, 2023)

The Islamic Emirate officials say five countries are interested in investing in the “lithium” mining sector in Afghanistan’s Nuristan province.

Mohammad Yunus Rashid, the deputy of youth in the Ministry of Information and Culture, said that Japan, the US, China, Qatar and the United Arab Emirates are among the countries that are interested in investing in the mining sector of lithium mines in Nuristan province.

“There is a lot of interest in lithium mining at the global level, five countries have made contact with the Islamic Emirate and said that they are ready to invest in this sector,” said Rashid.

According to officials, there are high capacities for economic self-sufficiency in the country and positive changes will be made in the economic development of the country in the near future.

Economic experts meanwhile believe that if the extraction and processing of the country’s minerals are done in Afghanistan, the country can get out of the economic crisis very quickly.

“There are trillions of dollars of capacity in Afghanistan’s mines, which should be invested, the statistics should be accurate, the regions should be determined, in which areas we have what kind of mines,” said Kamaluddin Kakar, an economic expert.

In addition, members of the private sector say they are trying to invest jointly and individually with foreign investors in the mining sector. They call on the Islamic Emirate to hand over mining contracts to companies that have the ability to process in the country.

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Customs duties on essential food items drops by up to 70%



(Last Updated On: March 20, 2023)

The Ministry of Finance said that based on the decision of the leadership of the Islamic Emirate of Afghanistan, customs duties on basic food items have dropped by between 50 and 70 percent in the last solar year.

As a result of this decision customs duties have been reduced to the value of 6.7 million afghanis this year, the ministry said.

The decision to decrease customs duties on the food items that include flour, wheat, cooking oil, rice, and sugar, was to keep the prices down on local markets.

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Kunduz commerce department’s revenues rise by 48%



(Last Updated On: March 19, 2023)

Kunduz Directorate of Industry and Commerce officials say their revenues have increased by 48 percent this solar year.

According to officials, the institution has collected more than 12 million Afghanis from the extension and distribution of licenses to manufacturing companies.

Mohammad Rahim Sirat, head of Kunduz Directorate of Industry and Commerce, said they distributed licenses to 112 people and renewed the licenses for 303 people.

Meanwhile, Kunduz Municipality officials also announced that they have collected 120 million Afghanis in 11 months of the current solar year, which shows a 40 percent increase compared to the same period last year.

Tajuddin Sohak, the spokesman for Kunduz Municipality, said they collected 120 million Afghanis this year, which shows a 40 percent increase from 86 million afghanis last year.

But shopkeepers and owners of manufacturing companies in Kunduz complain about the lack of a market for their products. They say that in the past their goods used to be exported abroad, but now exports have declined.

“In the past, we used to export to Iran, Pakistan, and Iraq, but our exports have decreased compared to the past. We ask the government to cooperate with us to provide the basis for export,” Wasim Akram, an entrepreneur, said.

Local officials in Kunduz say they have always tried to facilitate trade. They express hope that in the new year their efforts for foreign marketing of manufacturing companies will produce good results.

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