Business
Afghan air corridor for cargo to resume next week
The Afghanistan Chamber of Commerce and Investment (ACCI) deputy head said Thursday that Afghanistan's international air corridor for cargo will resume next week.
Mohammad Younis Mohmand told Ariana News the first flight will carry pine nuts.
The ACCI however continues to criticize Pakistan over its treatment of Afghan businessmen and called for issues to be resolved at the Torkham and Spin Boldak land ports.
Mohmand also blasted the United States for holding Afghanistan’s foreign reserves “hostage”.
He said this was a matter of grave concern as it directly affected the country's economy.
Mostly all economic activity in the country came to a grinding halt almost two months ago when the former government collapsed.
Now however, with a vastly improved security situation, the export of Afghan produce via air corridors will resume, he said.
“Flights are ready, InshAllah (God Willing), maybe in four or five days the first cargo flight abroad will take place,” said Mohmand.
On the issue of treatment of Afghan businessmen by Pakistan, Mohmand called for good relations between both sides.
“Relations are not good. We call for mutual respect in all economic sectors with all our friends and neighbors in order to improve the economic situation,” Mohmand added.
Mohmand meanwhile said the freezing of Afghan assets by the US was an extremely serious situation and that the continuation of this will exacerbate the economic crisis in the country.
“We demand the release of Afghan money. Our banking system is in trouble because of this money and all major projects have stopped,” Mohmand added.
He also called for the banking system to be normalized and said the process of trade and investment was dependent on reliable banking activities.
Business
Iran’s non-oil exports to Afghanistan rise by 31% this solar year
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period
Iran's non-oil exports to Afghanistan surged by 31% in the first half of this solar year (April to September 2024), totalling over $1.77 billion.
According to Iran’s trade association in Afghanistan, both the value and volume of non-oil exports to Afghanistan saw substantial growth.
Statistics provided by the association indicate that nearly 560,000 tons of Iranian goods, including iron, steel, cement, eggs, and potatoes, were exported to Afghanistan during this period.
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period.
The primary exports to Iran included barley, corn, peanuts, and chilies.
Business
Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million
Private sectors of Afghanistan and Kazakhstan have signed contracts worth $100 million during the visit of an Afghan delegation to Almaty recently, the Islamic Emirate of Afghanistan (IEA) announced on Thursday.
The agreements include the export of more than 2,000 tons of dried fruit, the export of fresh fruit, including pomegranates, and the export of cotton, Zabihullah Mujahid, a spokesman for the Islamic Emirate, said on X.
Mujahid said that the Islamic Emirate delegation during its recent visit to Kazakhstan signed a "road map of cooperation between Afghanistan and Kazakhstan in the fields of trade, industry, mining, energy, logistics, agriculture, telecommunications, health, higher education and humanitarian aid.”
He said Kazakhstan also assured that it would provide more facilities for the transit of Afghan goods to China and other countries through Kazakhstan.
The allocation of an area "as a logistics center for Afghan goods" in the port of Khargos was also part of the agreement between the two sides to facilitate the unloading and loading of Afghan traders' goods.
The spokesman of the Islamic Emirate also said that Kazakhstan will participate in the construction of the Torghundi-Herat, Kandahar-Spin Boldak and Mazar-e-Sharif-Kharlachi railway projects.
Mujahid added that Kazakhstan will also participate in the establishment of a trade and transit center in Herat province, which will be used to store and finance trade and transit goods. Meanwhile, Kazakhstan has agreed to establish permanent expo centers for the sale of Afghan goods in various cities of Kazakhstan.
It is worth mentioning that the delegation of the Islamic Emirate led by Nooruddin Azizi, Acting Minister of Industry and Commerce, participated in the three-day exhibition of Afghanistan's domestic products, which was launched on October 21 in Almaty.
The Ministry of Industry and Commerce recently announced that 23 tons of pomegranates from Kandahar province were exported to Almaty through the port of Torghundi.
Business
China resumes direct rail trade with Afghanistan
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.
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