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Afghanistan Seeks to Use Opportunities of WTO

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(Last Updated On: October 24, 2022)

wto_03_01_2017_pashto_sot-mpg_snapshot_00-29_2017-01-03_18-06-02The Afghan government has begun efforts to use the opportunities of the World Trade Organization (WTO).

Afghanistan submitted its application to join the WTO in November 2004 and acceded to the World Trade Organization seven months ago.

Reform, bringing ease of Commerce, preparation and implementation of investment strategy, effective use of facilities, preparation of export development strategy is an important component the ministry’s strategy.

“We are taking practical steps in fulfilling the commitments of Afghanistan. We are working on capacity building of the private sector that can use the facilities of WTO,” said Homayoun Rasa, minister of commerce and industry.

Deputy minister of commerce and industry consider WTO very essential for the economic growth and increase of exports.

“It depends on the Afghan government if wants to use the opportunities of WTO. Today’s meeting was about the ways that how to use the facilities of WTO,” said Qurban Haqjo, deputy minister of commerce.

The membership of WTO can ease the trade system in Afghanistan and attract more investment in the country.

“We can raise the level of productions and have a competitive productions and other plans to increase our exports,” Haqjo added.

Currently there are 149 member countries in the WTO and in the nearest future this number will increase.

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Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses

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(Last Updated On: April 19, 2024)

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.

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Export volume totals over $140 million in last month of 1402

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(Last Updated On: April 17, 2024)

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.

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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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