Business
IEA hoping to top $10 billion in trade volume with Iran over next few years
Acting Minister of Commerce and Industry says that they are trying to increase the volume of trade between Afghanistan and Iran to the value of $10 billion dollars in the next few years.
Nuruddin Azizi, who is part of the Afghanistan delegation in Iran, emphasized in a conversation with the Iranian media that both countries have the capacity to expand their economic relations and increase the volume of trade.
"Of course, the capacities that Afghanistan has and the capacities that are available in both countries, we want to increase Afghanistan's trade up to $10 billion dollars in the next few years, as I said in my previous interviews, there is capacity on both sides, especially mineral resources, agriculture and industrial programs that we have in Afghanistan. Afghanistan has the ability to trade with Iran up to 10 billion dollars,” said Azizi.
At the same time, Mohammad Mehdi Jawanmard, an advisor to the Iranian president's special envoy for Afghanistan, says that Iran wants to expand economic ties with Afghanistan. He also said that the culmination of the delegation’s visit to Iran will see both sides signing a number of memorandums of understanding to expand commercial and economic relations.
"Iran does not want to import raw natural resources from Afghanistan to Iran. We made this understanding with the Afghan side to the extent that it can be processed in Afghanistan and the final product transferred. We want to expand our commonalities and economic infrastructure, and they will visit different places during this trip, and finally the memorandums of understanding will be signed by Mr. Mullah Baradar (the IEA’s deputy prime minister of economic affairs) and Mr. Kazemi Qomi (Iran's special envoy to Afghanistan),” said Mohammad Mehdi Jawanmard, an advisor to the Iranian president's special envoy for Afghanistan.
Azizi meanwhile also emphasized the expansion of border cooperation between Iran and Afghanistan and added that in future they will try to establish a common border market between both countries so that the people of both sides can benefit from each other's industry and skills without obtaining a visa.
On the other hand, the Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar and his accompanying delegation met with a number of Afghan businessmen and investors residing in Iran and assured them that the necessary facilities are available for them to come to Afghanistan and invest.
Business
Shoemaking industry in Takhar province facing stagnation
A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.
According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.
The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.
Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”
Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”
Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.
Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”
A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.
Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”
However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.
Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”
Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.
Business
Daily truck clearances at Torkham drop from 400-500 to 5-10
Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.
SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.
He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.
Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
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