Business
Kabul trade fair wraps up with 50 million AFN in sales sealed
The week-long Imam Abu Hanifa expo has wrapped up in Kabul after business owners sealed 50 million afghanis worth of sales and an additional $45 million in commercial agreements.
The Chamber of Commerce and Investment said on Sunday however that they would like to see fundamental changes brought to the tax system.
"About 50 million afghanis have been traded, and about 500 memorandums of understanding have been signed between Afghan and foreign businessmen, which are worth $45 million,” said Khairuddin Mayel, the Vice Chair of the Afghan Chamber of Commerce and Investment (ACCI).
"We want fundamental changes to be made in the tax system so that we can provide the people with the best possible job opportunities,” said Mohammad Yunus Mohmand, deputy head of ACCI.
The Islamic Emirate of Afghanistan (IEA) took the opportunity at the expo to call on national and international businessmen to invest using the facilities created in Afghanistan, and said the IEA gives them their full support.
The ministry of commerce and industry meanwhile says it is trying to hold more trade fairs in order to boost domestic products both locally and abroad.
The acting minister of commerce and industry has said an expo will be held in Kazakhstan in the near future, where 70 booths will be dedicated to Afghan products.
"We hope that the expo we are having next week in Kazakhstan will be as successful as this exhibition and more than this, and in that exhibition 70 booths have been allocated for our entrepreneurs for free,” said Nooruddin Azizi, acting minister of commerce and industry.
The national and international exhibition of Imam Abu Hanifah was held in the capital Kabul for seven days, where domestic products were displayed in 600 booths, of which 120 booths were dedicated to women.
Along with domestic companies, foreign companies from Iran, Turkey, Turkmenistan, Pakistan and other countries also exhibited their products.
Business
Iran’s non-oil exports to Afghanistan rise by 31% this solar year
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period
Iran's non-oil exports to Afghanistan surged by 31% in the first half of this solar year (April to September 2024), totalling over $1.77 billion.
According to Iran’s trade association in Afghanistan, both the value and volume of non-oil exports to Afghanistan saw substantial growth.
Statistics provided by the association indicate that nearly 560,000 tons of Iranian goods, including iron, steel, cement, eggs, and potatoes, were exported to Afghanistan during this period.
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period.
The primary exports to Iran included barley, corn, peanuts, and chilies.
Business
Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million
Private sectors of Afghanistan and Kazakhstan have signed contracts worth $100 million during the visit of an Afghan delegation to Almaty recently, the Islamic Emirate of Afghanistan (IEA) announced on Thursday.
The agreements include the export of more than 2,000 tons of dried fruit, the export of fresh fruit, including pomegranates, and the export of cotton, Zabihullah Mujahid, a spokesman for the Islamic Emirate, said on X.
Mujahid said that the Islamic Emirate delegation during its recent visit to Kazakhstan signed a "road map of cooperation between Afghanistan and Kazakhstan in the fields of trade, industry, mining, energy, logistics, agriculture, telecommunications, health, higher education and humanitarian aid.”
He said Kazakhstan also assured that it would provide more facilities for the transit of Afghan goods to China and other countries through Kazakhstan.
The allocation of an area "as a logistics center for Afghan goods" in the port of Khargos was also part of the agreement between the two sides to facilitate the unloading and loading of Afghan traders' goods.
The spokesman of the Islamic Emirate also said that Kazakhstan will participate in the construction of the Torghundi-Herat, Kandahar-Spin Boldak and Mazar-e-Sharif-Kharlachi railway projects.
Mujahid added that Kazakhstan will also participate in the establishment of a trade and transit center in Herat province, which will be used to store and finance trade and transit goods. Meanwhile, Kazakhstan has agreed to establish permanent expo centers for the sale of Afghan goods in various cities of Kazakhstan.
It is worth mentioning that the delegation of the Islamic Emirate led by Nooruddin Azizi, Acting Minister of Industry and Commerce, participated in the three-day exhibition of Afghanistan's domestic products, which was launched on October 21 in Almaty.
The Ministry of Industry and Commerce recently announced that 23 tons of pomegranates from Kandahar province were exported to Almaty through the port of Torghundi.
Business
China resumes direct rail trade with Afghanistan
China resumed its direct freight rail services to Afghanistan on Thursday when a train loaded with goods left Nantong city in Jiangsu province.
The train, carrying commercial goods in 55 wagons, is heading for the northern Hairatan border in Balkh province, Yue Xiaoyong, China’s Ministry of Foreign Affairs' Special Representative for Afghanistan, said in a post on X.
Nantong is a central hub of the Belt and Road Initiative and is located north of Shanghai.
The resumption of the rail line was marked at a formal ceremony on Thursday with Yue and Bilal Karimi, the Afghan Ambassador to China, in attendance.
This comes after China recently announced plans to lift customs tariffs on Afghan exports to China by the end of this year, further strengthening trade ties between the two nations.
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