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ACCI Accelerates Efforts to Increase Economy cooperation

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 Officials in Afghanistan chamber of commerce and industry have said,” We have accelerated efforts to increase economy cooperation in the region.”

According to officials in ACCI Afghanistan could play key role in boosting economy in the region on the aspect Officials in Ministry of foreign Affairs have held a session inviting neighboring countries and Asian countries representatives.

Afghanistan economy ties with neighboring countries are with some challenges.

James Gr. the operational manager for east-west of institute in US said,” remarkable development haven’t been made on the economy section in Afghanistan, in my opinion the biggest challenge is to form new ties with neighboring countries in the region if political trust is built among all countries in Asia Afghanistan will face few challenges.”

Head of the Afghanistan chamber of commerce and industry Atiqullah Nusrat said,” continuation of regional economy supports do need a suitable plat form where Afghanistan is pushing to provide better place and play key role in the region for boosting economy.”

However Political deputy of Ministry of foreign Affairs Khalil Karzai has declared Pakistan the main factor for creating economy problems in the region.

He said,” unfortunately our mutual political ties have impacted badly on the economy of Afghanistan and it has been overshadowed.”

 The following comments comes after the TAPI project will begin its practical work in December 2015, and international community still claim that Afghanistan’s economy ties with its neighboring and the regional countries is deteriorated.

Reported by Nabila Hafizi

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Efforts underway to expand Afghanistan’s trade relations with India

A number of investors also suggest that the Islamic Emirate should actively participate in regional and trade fairs to increase exports, so that Afghan products can be marketed in regional and global markets.

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The Ministry of Industry and Commerce says that efforts are underway to expand trade relations with India, the volume of which reaches $650 million annually.

Abdulsalam Jawad Akhundzada, a spokesman for the Ministry of Industry and Commerce, says that India is also interested in expanding trade relations with Afghanistan, and Kabul has also taken steps in this regard by using Chabahar Port, and talks have been held with the Indian side on visas.

The Chamber of Commerce and Investment also says that trade relations between Afghanistan and India are expanding and these relations are strengthening with each passing day. According to officials of the chamber, Afghanistan has exported goods worth $500 million to India in the past year.

A number of investors also suggest that the Islamic Emirate should actively participate in regional and trade fairs to increase exports, so that Afghan products can be marketed in regional and global markets.

According to investors, once the visa issues with India are resolved, a large portion of the country’s fresh and dried fruits will be exported to India because India is a good market for Afghan fruits in the region.

Investors want the Islamic Emirate to pave the way for increased exports to India through Chabahar Port.

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36 mining contracts inked over the past year: Mines ministry

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The Ministry of Mines and Petroleum says it has signed 36 large and small mining contracts, with a total value of $1.3 billion over the past year.

Officials from the ministry stated that these contracts include 10 large mines, 25 small mines, as well as projects related to cement, salt, marble, and a major gas extraction contract with Uzbekistan, all signed with both domestic and foreign companies.

Meanwhile, economic experts have emphasized the importance of increasing investments in the mining sector for the country’s economic growth. They have stressed that priority in mining contracts should be given to domestic companies.

“It is better to prioritize domestic investors over foreign ones,” said Kamaluddin Kakar, an economic expert.

In the meantime, members of the private sector also stated that if both foreign companies and Afghan investors can partner in the mining sector, this will not only foster investment development in the country but also bring positive changes in capacity building within the mining extraction sector.

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Afghanistan ships first consignment to Europe via Khaf-Herat railway

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The press office of the Herat governor has announced the export of Afghanistan’s first shipment via the Khaf-Herat railway to Europe.

According to a statement from the office, the shipment includes 200 tons of dried fruits worth $1.2 million, which were exported to Turkey and Europe through the Khaf-Herat railway in the presence of Islam Jar, the governor of this province, and the Iranian Consul General.

The exported dried fruits in this shipment include pistachios, raisins, almonds, and pine nuts.

The statement added that over the past three months, more than 35,000 tons of goods have been transferred via the Khaf-Herat railway.

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