Business
Russia to Exchange Oil Instead of Fruits from Afghanistan
Russia Government has decided to exchange its Oil and Gas instead of Fruits coming from Afghanistan, Afghan officials in chamber of commerce and industry have said,”a Russia delegate who is visiting Afghanistan has demanded this exchange from Afghan Governmental officials.”
Officials in chamber of commerce and industry said by the implementation of such plan from one hand will decrease the price of Oil and Gas and from the other hand it will improving the exporting of the fruits from Afghanistan to Russia and other countries.
Deputy of chamber of commerce and industry Khan Jaan Alkozai has stated that Afghanistan fruits markets closely related to the neighboring countries markets,beside that it will decrease the price of Oil and Gas in the country,he also urged that there will be fresh fruits get rotten, farmers will no more suffer from their fruits stuck in Afghanistan.
Afghanistan Chamber of Commerce and industry Minister’s spokesman Musafer Qoqandi said,” we are optimistic and we deeply welcome such exchanging of goods in between Afghanistan-Russia, we announce to all other countries in the world if any of the countries willing to do exchanging of goods specially on Oil and Gas we will sign the contract.”
Speaking on the issue Afghan economy experts have expressed their optimisms and said,”the exchanging of goods in between Afghanistan-Russia Will decrease Oil Gas Prices and also will make Afghan farmers to be more interested what they do and it will also make grown Afghanistan Agriculture.”
Afghan economy expert Kakojan Naizi has said,” currently we export 5 % but import 95% if this agreement to be signed it will make Russia Investors to come to Afghanistan and invest.”
Officials in Ministry of Commerce and Industry have said Russia is the closest markets for Afghanistan, after the processing of the goods Russia will deliver Oil and Gas to Afghanistan markets through Turkmenistan and Tajikistan countries by Railways.
Reported By: Nimatullah Ahmadi.
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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