Business
ACCI welcomes decreasing of taxation on raw imported goods
Officials in Ministry of Commerce and Industry have welcomed the approval for decreasing taxes on raw imported goods tariff, saying supporting investments will end up into the significant growth of economy and will increase the domestic productions within the country.
Afghanistan High economy council has recently approved the decreasing of taxation on raw materials in customs tariff.
Deputy of the Chamber of commerce and industry Khanjan alkozai welcomes the following decision saying this will pave the way for better platforms for domestic and International investors to invest in Afghanistan.
Based on the new decision of the Afghanistan high economy council now the importers could only pay 1 percent taxes for their materials, while they were paying 10 percent.
Further he mentioned that those who imports machines for the factories aren’t responsible to pay taxes but the printed papers, and belonging materials for some of the factories and companies should pay 2, 5 percent taxes.
Deputy chamber of commerce Khanjan Alkozai said,”An important step has been taken by the Government on growing of economy, the following decision will improve the economy and encourage the domestic and International investors to invest in Afghanistan.”
Meanwhile scores of the officials in chamber of commerce has declared the economy situation in Afghanistan full of concerns.
The International relations responsible for Ministry of commerce and industry Azarakhsh Afizi said,” the economy situation of Afghanistan is worst, unemployment is in high level, our industry is ramshackle, more than 1000 factories has been shut down.”
One of the main challenges for the National Unity Government leaders is corruption, the following problem has over shadow the activities of the following Government and International community have also insisted that if Afghan Government doesn’t move to combat corruption we will stop our aids and supports.
Reported by Nabila Hafizi
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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