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Covid-19 impacts; Afghanistan’s exports on hold

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(Last Updated On: June 3, 2020)

Afghanistan’s exports to other countries have been stalled due to the outbreak of the Coronavirus and no alternatives have been considered yet.

The Afghanistan Chamber of Commerce and Investment (ACCI) blames the government for failing to remove hurdles in Afghanistan’s exports, saying that the private sector will lose millions of dollars if trade with neighboring countries does not resume.

Officials in ACCI say that trade routes with neighboring countries have been blocked since the outbreak of the coronavirus, and the government has failed to find alternatives.

On the other hand, experts attribute the lack of work capacity in the Ministry of Commerce and Industry of Afghanistan to the decline in exports to other countries.

“Officials at the Ministry of Commerce and Industry of Afghanistan have failed to come up with a basic plan for exports and investment in the country,” experts say.

With the outbreak of the Coronavirus in the country, a number of countries, including Iran and Pakistan, have closed their borders with Afghanistan.

In addition to the cessation of Afghanistan’s exports, this act sparked prices to rise domestically.

Meanwhile, experts and traders believe that the government should look for alternative ways to keep the drift of export and import alive.

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Afghanistan-Kazakhstan chamber of commerce opens in Herat

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(Last Updated On: April 15, 2024)

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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Afghanistan reaches self-sufficiency in production of 133 items: MoIC

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(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.

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DAB declares online currency exchanges illegal

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(Last Updated On: April 9, 2024)

Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.

DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.

“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.

DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.

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