Business
Afghan Envoy Presence Vital in World Trade Organization: ACCI
Officials in Afghanistan Chamber of Commerce and Industry (ACCI) have urged that the presence of the Afghan envoy in the World Trade Organization is vital for the economy of Afghanistan, late introduction of the representative will deprived Afghanistan accessing lots of business opportunities and could challenge Afghanistan business system.
After years of efforts launched by the Afghan officials to gain the membership of the World Trade Organization led into success and became the members of the (WTO) now talks over choosing an Afghan as envoy to the World Trade Organization are underway and yet the officials to pick one.
Afghanistan Chamber of Commerce and Industry International Affairs Chief Azarakhsh Hafizi said, “Taking the advantages of the World Trade Organization is very complicated one, and one of the tasks is the growing the gross domestic product (GDP) we should use all our potentials and capacities to take part in boosting trades, having Afghan representatives in World Trade Organization is vital for Afghanistan economy.”
Meanwhile officials in Ministry of Commerce and Industry have stated that soon an Afghan representative will be introduced to World Trade Organization on behalf of the Afghan Government.
“We will introduce an Afghan representative to World Trade Organization in the near future, and will represent Afghanistan as permanent representative in World Trade Organization.” Ministry of Commerce and Industry spokesman Musafer Qoqandi said.
Based on the information in Ministry of commerce a delegation is in Geneva to negotiate how to take the advantages of the World Trade Organization and provide more facilities for Afghanistan economy.
Reported by: Lida Naizi
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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