Business
Pakistan: Consultations underway on preferential trade agreement with Afghanistan
Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.
According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.
In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.
Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.
Business
Trade volume between Kabul-Tehran has reached over $1.8 billion: MoIC
Ministry of Industry and Commerce (MoIC) says the trade volume between Afghanistan and Iran has reached more than $1.8 billion over the past seven months of 1403 [solar year].
The ministry's spokesman Abdulsalam Jawad Akhundzada said these trades include oil and non-oil goods.
According to Jawad Akhundzada, trade and transit with Iran is expanding.
“Afghanistan's trade with Iran during the seven months of 1403 was worth $1 billion 827 million dollars, of which 30 million dollars were exports and $1 billion 797 million dollars were imports,” said Akhundzada.
“Most of the major export goods are mineral stones, raisins, all kinds of soft drinks and sesame seeds, and the main import items are diesel fuel, petrol, raw materials for manufacturing, liquid gas and cement,” he added.
Meanwhile, Iranian officials also stated that since the beginning of this year, the export of non-oil goods to Afghanistan has increased to 1.3 billion dollars.
Tehran Times newspaper quoted the Iranian customs officials and reported that Afghanistan was Iran's fifth largest importer of non-oil products in the last seven months.
Business
Afghanistan-India trade volume totals $650 million so far this year
Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.
In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.
He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.
According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.
Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.
The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.
Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.
According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.
The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.
JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.
He also promised to increase Indian visa facilities for Afghans.
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.
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