Business
Iranian trade delegation visits Kabul for talks with IEA
An Iranian delegation visited Kabul this week to hold talks with the Islamic Emirate of Afghanistan (IEA) on strengthening economic and trade ties between the two countries.
Members of Afghanistan’s private sector said Thursday Iran’s trade with Afghanistan totals more than $1 billion a year, adding that the Iranian delegation has urged Afghanistan to facilitate exports and transit between the two countries.
Mirwais Hajizada, deputy head of the Afghanistan Chamber of Agriculture and Livestock stated: “We get Iran’s goods – from dairy products to construction materials and oil – but the export route from Iran to Afghanistan must be made easier.”
Meanwhile, a member of the Industrialists Union of Afghanistan said that expanding economic relations with Iran was important for Afghanistan.
He added that the government should discuss trade and investment, issues around Afghanistan’s exports as well as transit with the Iranian side.
“An agreement has been made with the delegation [Iran] in various sectors. We should increase cooperation with our neighbors to prevent an economic crisis in the country; we have shared details both about our domestic production and exports with the Islamic Emirate [officials],” Abdul Jabbar Safi, a member of the Union 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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