Business
Agreements with Uzbekistan Will Rise Kabul-Tashkent Trade Turnover to $1B
Afghan officials say the recent signed intergovernmental documents with Uzbekistan will rise the trade turnover index to $1 billion between Kabul and Tashkent.
The documents were signed during an official visit of Afghan delegation headed by President Ashraf Ghani to Uzbekistan about a week ago.
“Our trade turnover with Uzbekistan will rise from $400 million to $1 billion with [implementation of] the signed agreements,” said Musafer Qoqandi, a Spokesman for the Ministry of Commerce and Industries.
The resumption of direct flights from Kabul to Tashkent, construction of a new Herat-Mazar-e-Sharif railway line, the Surkhan-Pul-e-Khumri power transmission project with the capacity of 500 megawatt, construction of Qaisar-Laman, Kabul ring roads and Salang tunnel are said to be among the important signed agreements with Uzbekistan.
“Implementation of these agreements is effective for the growth of Afghanistan’s economy and region,” said Sohrab Bahman, Spokesman for the Ministry of Economy.
The signed agreements which worth more than $500 million aimed at further strengthening of Kabul-Tashkent cooperation in political, trade-economic, investment, transport-communication, scientific, education and other spheres.
By Shakib Mahmud & Samira Zafari
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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