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Ghani to Sign 8 Economic Contracts in His Visit to Turkmenistan

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(Last Updated On: July 4, 2017)

President Ashraf Ghani in his three-day official visit to Turkmenistan will sign eight economic contracts with Ashgabat, Presidential Palace said.

Ministry of Economic officials are said to believe that the contracts between Afghanistan and Turkmenistan will save the country from the siege of the economy.

“The Afghan government view was to save the country from the siege of economy and it is a positive step in order to meet the demands,” said Suhrab Bahman, spokesman of the Ministry of Economic.

According to analysts the cooperation of Middle Asian countries with Afghanistan will reduce the country’s affiliation to some countries and help the economic growth.

President Ghani heading a high level delegation including Finance Minister Eklil Hakimi, Minister of Economy Abdul Satar Murad, head of the administrative affairs Abdul Salam Rahimi, senior presidential adviser Dr. Humayoun Qayumi, senior presidential envoy for the Central Asia Mohammad Shakir Kargar, and senior presidential adviser for public relations and strategic relations Shah Zaman Maiwandi left Kabul for the neighboring Turkmenistan on Moday to boost cooperation between the two countries.

Previously, Afghanistan and Turkmenistan have signed several contracts which are under implementation.

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Afghan carpet industry facing major challenges: ACCI

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(Last Updated On: July 26, 2021)

Afghanistan’s Chamber of Commerce and Investment (ACCI) said on Sunday that the Afghan carpet industry is facing numerous challenges despite the foreign aid that has been injected into the industry.

The ACCI said that the lack of a dedicated industrial park and a suitable place to produce carpets are a key challenge that they face.

Carpet makers also said that the drop in exports of Afghan carpets is a major problem.

Abdul Jabar Safi, head of the craftsmen association said despite millions of dollars having been spent and funding from USAID being received no dedicated industrial parks have been established in Andkhoy and Jalalabad – both carpet making hubs.

The Ministry of Commerce and Industry meanwhile said efforts are being made to resume the traditional craft of carpet making in order to preserve the Afghan carpet industry’s uniqueness.

The ministry said that they have assisted carpet producers recently.

“It (new carpet industry) undermines the credibility of Afghan carpets. One good point of the Afghan carpet sector is that it provides 100,000 jobs for people especially for women,” said Fawad Ahmadi, spokesman for the ministry.

Analysts say that the carpet production industry will come to an end if government does not address the carpet producers’ challenges.

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US, Afghanistan, Pakistan Uzbekistan form platform for regional cooperation

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(Last Updated On: July 16, 2021)

The United States, Afghanistan, Pakistan, and Uzbekistan have agreed in principle to form a new diplomatic platform focused on enhancing regional connectivity, the US State Department said on Friday.

“The parties consider long-term peace and stability in Afghanistan critical to regional connectivity and agree that peace and regional connectivity are mutually reinforcing,” the Department said in a statement.

“Recognizing the historic opportunity to open flourishing interregional trade routes, the parties intend to cooperate to expand trade, build transit links, and strengthen business-to-business ties,” the statement read.

The parties agreed to meet in the coming months to determine the modalities of this cooperation with mutual consensus, the US said.

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Border crossings seized by Taliban impact customs revenue

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(Last Updated On: July 10, 2021)

The Afghan government said Saturday that the fall of key dry ports has disrupted exports and imports, imposing negative impacts on the country’s economic activities.

The Afghanistan Chamber of Commerce and Industry (ACCI) stated that the Taliban militants have captured seven key dry ports – the Islam Qala border and the Torghundi border towns, two trade gateways to Iran and Turkmenistan; Abu Nasr Farahi port, bordering with Iran, in Farah; Sher Khan Port in Kunduz and Ay Khanom port in Takhar, two trade gateways to Tajikistan; Aqina port in Faryab, a trade gateway to Turkmenistan; and Dand-e-Patan crossing to Pakistan in Paktia.

Khan Jan Alokozay, Deputy Chairman of ACCI, has raised concerns about the collapse of the ports, stating the traders can not pay taxes to both the government and the Taliban.

“Now, if we pay taxes in two places, it will directly impact the market, and rates will climb up to two hundred times higher than now,” Alokozay said.

Meanwhile, the price of food and raw materials have been increased in markets after the closure of these customs.

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