Business

Gov’t Has no Plan to Support Domestic Products, Industrialists: ACCI

Published

6 years ago

April 9, 2018

(Last Updated On: October 24, 2022)

The Afghanistan Chamber of Commerce and Industries (ACCI) says the government has no plan to support the domestic products and industrialists in the country that heavily relies on imports from neighboring countries.

Speaking at the inauguration ceremony of marble production town on Monday in Kabul, Khan Jan Alokozay, Deputy Head of ACCI said that the National Unity Government plays a double game with the investors and yet to come up with a significant plan to support them.

Alokozay said based on the constitution, the government should make way for investment and capacity building in the country.

“Unfortunately, since shut down of AISA (Afghanistan Investment Support Agency), the government has not distributed any land for industrialist,” he said.

The inaugurated town includes 30 marble production houseworks which have been built on 300 acres of land with a cost of $50 million by the investors.

Rahim Saeedi, the Commerce Ministry’s General Director for Private Sector Development said that the government welcomes and ensures to support the marble industry in the country.

“We have the potential to produce marbles and compete not only in domestic markets but also in international markets,” Saeedi said.

Business

Export volume totals over $140 million in last month of 1402

Published

1 day ago

April 17, 2024

Ariana News

(Last Updated On: April 17, 2024)

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.

Business

Afghanistan-Kazakhstan chamber of commerce opens in Herat

Published

3 days ago

April 15, 2024

Ariana News

(Last Updated On: April 15, 2024)

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.

Business

Afghanistan reaches self-sufficiency in production of 133 items: MoIC

Published

5 days ago

April 13, 2024

Ariana News

(Last Updated On: April 13, 2024)

The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.

The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.

The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.

“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.

Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.

The chamber officials stressed expanding the culture of using domestic products in government projects.

“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.

Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.