Connect with us

Business

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

on

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia's autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum - the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

China resumes direct rail trade with Afghanistan

Published

on

China resumed its direct freight rail services to Afghanistan on Thursday when a train loaded with goods left Nantong city in Jiangsu province.

The train, carrying commercial goods in 55 wagons, is heading for the northern Hairatan border in Balkh province, Yue Xiaoyong, China’s Ministry of Foreign Affairs' Special Representative for Afghanistan, said in a post on X.

Nantong is a central hub of the Belt and Road Initiative and is located north of Shanghai.

The resumption of the rail line was marked at a formal ceremony on Thursday with Yue and Bilal Karimi, the Afghan Ambassador to China, in attendance.

This comes after China recently announced plans to lift customs tariffs on Afghan exports to China by the end of this year, further strengthening trade ties between the two nations.

Continue Reading

Business

IEA signs contract for construction of cement factory in Jawzjan Province

Turkish 77 Company will invest $163 million in the factory, which will have a daily output of 3,000 tons of cement once completed

Published

on

The Islamic Emirate on Tuesday signed a multi-million dollar contract with Turkish 77 Company for a new cement factory in the Yatim Taq area of Jawzjan Province in northern Afghanistan.

The contract was signed in the presence of Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar Akhund.

Turkish 77 Company will invest $163 million in the factory, which will have a daily output of 3,000 tons of cement once completed.

Also in attendance on Tuesday were officials from the Ministry of Mines and Petroleum who stated that the contract, which allows the Turkish company to explore, extract, produce cement, and deliver social services, is valid for 30 years.

The establishment of this cement production plant will directly create around 1,200 jobs for local citizens.

In addition to the signing of this contract, the ministry also inked contracts worth $476 million with several domestic and foreign companies for cement projects in Jabal al-Saraj, Kandahar, and Herat.

The IEA has said this is in line with their aim of propelling the country towards self-sufficiency in the cement sector.

Continue Reading

Business

China to offer Afghanistan tariff-free trade 

Afghanistan could offer a wealth of mineral resources to boost Beijing’s supply chain security

Published

on

China will offer the Islamic Emirate of Afghanistan (IEA) tariff-free access to its vast construction, energy and consumer sectors, Beijing's envoy to Afghanistan said on Thursday.

Beijing has sought to develop its ties with the IEA since they took control of Afghanistan in 2021, but like all governments has refrained from formally recognising the government. 

Although an impoverished country, Afghanistan could offer a wealth of mineral resources to boost Beijing's supply chain security. 

Selling Afghanistan's lithium, copper and iron deposits to feed China's enormous battery and construction industries would help the IEA prop up their economy, and provide a much needed revenue stream.

"China will offer Afghanistan zero-tariff treatment for 100% tariff lines," Zhao Xing, Chinese ambassador to Afghanistan, wrote on his official X account late on Thursday.

Afghanistan exported $64 million worth of goods to China last year, according to Chinese customs data, close to 90% of which was shelled pine nuts

Continue Reading
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2024 Ariana News. All rights reserved!