Business
Uzbekistan launches exchange-based trade system with Afghanistan to boost bilateral commerce
The system is designed to simplify transactions by using secure financial instruments and bank guarantees, which significantly lower risks for both parties.
Uzbekistan has rolled out a new exchange-based trade system with Afghanistan, a move aimed at enhancing economic ties between the two nations. Initiated by the Uzbekistan Chamber of Commerce and Industry, the new mechanism utilizes the existing infrastructure of the Uzbekistan Commodity Exchange (UzEX), allowing exporters to engage in direct trade with the Afghan market while reducing additional banking costs.
The system is designed to simplify transactions by using secure financial instruments and bank guarantees, which significantly lower risks for both parties. Under the new framework, settlements are based on these guarantees, ensuring a smoother and more reliable flow of goods and payments.
According to Davron Vakhabov, Chairman of the Chamber of Commerce and Industry of Uzbekistan, the system was conceived following a directive from President Shavkat Mirziyoyev in September 2025. The President called for integrating the UzEX platform with a private Afghan bank to facilitate the supply of goods to Afghanistan, strengthening bilateral commerce.
To participate in the new trade mechanism, Uzbek exporters must register on the UzEX platform and list their products for exchange trading. Afghan buyers can then execute transactions through an Afghan bank, making an initial payment of 10% of the contract value. Upon successful agreement, the Uzbek supplier ships the goods, accompanied by the necessary documentation. The remaining 90% of the payment is held in bank accounts until the goods reach the Afghan border, at which point the funds are released to the seller.
In an additional layer of financial security, a private Afghan bank places funds in five Uzbek banks—Trustbank, Uzpromstroybank, Infinbank, Asaka Bank, and Agrobank—ensuring that payments are guaranteed for goods delivered.
Vakhabov emphasized that both the Chamber of Commerce and Industry and UzEX are fully committed to assisting Uzbek entrepreneurs in accessing the Afghan market. The introduction of this exchange-based system is expected to strengthen trade between the two countries, fostering economic growth and cooperation in the region.
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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