Business
Afghanistan achieves WTO membership
Officials in Ministry of commerce and industry have stated that Afghanistan will be achieving the memberships of the world trade Organization at the end of 2015.
They have stated that by having the following membership positive changes will appear in Afghanistan’s business system.
Afghanistan has been trying to have the following membership since 2009 fortunately they have been capable to meet its goal and at the end of the 2015 the memberships will be granted by the World Trade Organization to Afghanistan.
The memberships will allow Afghanistan to export its domestic goods with low taxes to the world business markets.
Officials in the Ministry of commerce and industry also stated that membership will also impact on problems of business and transit of Pakistan-Afghanistan and to pave the way for smooth business way.
Ministry of commerce and industry Spokesman Musafir Quqandi said,” we will have the memberships of world trade organization by the end of 2015, and it will have its positive impact on business process.”
But officials in chamber of commerce and industry in Afghanistan have explained that the following membership will not be the benefits of Afghanistan.
The industrial deputy of Afghanistan Baz Mohammad Baz said,” it will provide obstacles for Afghan business men and will discourage others for investing in the country.”
Its said that more than three decades of insecurity in Afghanistan has impacted negatively on business system of the country but officials in Government of Afghanistan claimed that there is golden opportunity is provided for investors to invest in Afghanistan.
Reported Nabila Hafizi
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.
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.
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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