Business
Afghanistan, India Launch Second Air Corridor
Afghanistan and India on Wednesday inaugurated the second air corridor between Kabul and Mumbai.
The second route follows the success of the Kabul-New Delhi air corridor that has been used to export goods worth more than $20 million since mid-June.
In the first flight, about 40 tons of dry and fresh fruits were transferred to the Indian city of Mumbai.
Afghanistan’s second Vice President Mohammad Sarwar Danish who was present during the inauguration said that Kabul is willing more than any country in the region to boost its economic relations.
He hoped that the neighboring countries even consider the economy in their political policy.
The Ministry of Foreign Affairs said the economic relations between Afghanistan and India is boosting day by day.
“In addition to other countries, having access to the Indian markets is very important for us because it will play a key role in growth of the private sector and our exports,” Adela Raz, Deputy Minister for Economic Cooperation, said.
Meanwhile, the deputy chairman of the Afghanistan Chamber of Commerce and Industries (ACCI), Khan Jan Alokozay, said we had huge shipments to India through the air cargo flights during this year.
He added that the air corridors between Afghanistan and India would help in exporting fresh fruits and other commodities from Afghanistan.
“In addition to our businessmen, this corridor will encourage our farmers to increase their products,” Alokozay said.
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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