Business
Netherlands Embassy provides entrepreneurs awareness program – Kabul
The Dutch ambassador said that the “Orange Business Network” program will continue on a monthly basis for a year-long to technically support and motivate the young entrepreneurs.
The Minister of Economy also supports the program and said that he would meet the entrepreneurs’ problems in person.
The Orange Business Network will train 15 chosen entrepreneurs in different areas of commerce.
Ernst Norman, the Dutch ambassador, said the Dutch Embassy head-hunted the participants from different fields – energy, agriculture, and many more.
According to him, the participants will be trained in taxpaying policies, business proposals, and promoting products in the market.
Mustafa Mastoor, the Minister of Economy, said, “I don’t know how big or small these entrepreneurs are, but I know if they are small or medium, the government will take the responsibility to help.”
Some of the participants of the Orange Business Network view the program effective in motivating the young entrepreneurs.
Shabir Ahmad, one of the participants said, “The Dutch Embassy supports the new entrepreneurs who come to the market to present their products in a standard way to the national and international market.”
It is worth mentioning that this marks the first time for the Dutch Embassy in Kabul to supports the young entrepreneurs.
Business
Export volume totals over $140 million in last month of 1402
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
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
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.
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