Business
Turkish companies and traders to invest in Afghanistan: officials
Turkish companies and traders will invest in Afghanistan in the near future, said Zabihullah Mujahid, deputy minister of information and culture and spokesman for the Islamic Emirate of Afghanistan in a tweet.
According to Mujahid, Turkish foreign minister Mevlüt Çavuşoğlu said in a meeting with Afghanistan’s acting foreign minister Amir Khan Muttaqi, in the sidelines of Organization of Islamic Conference (OIC) forum, that Turkish companies and traders are looking at opportunities in the country.
“Turkish foreign minister said that Turkey’s companies and traders will come to Afghanistan,” said Mujahid.
Afghan businessmen said that conditions for investment have been fulfilled.
According to them Turkish investors have held talks with Afghan official about investment.
“Turkey (Turkish people) were seen in Afghanistan. They met with chamber of industries and mine, and the private sector. Optimism is high that Turkey will invest in Afghanistan,” said Sakhi Ahmad Paiman, deputy head of the Chamber of Industries and Mines.
Analysts say that economic development can bring an end to the current economic crisis.
The analysts also blamed the international community for the current crisis in the country.
“Islamic Emirate has taken serious steps… first in security, second in transparency and third removing financial bureaucracy. These important factors can provide opportunity for investment,” said Tajuddin Talish, an economic analyst.
This comes as China’s embassy in Afghanistan warned its companies and citizens on Friday not to “blindly” visit the country to inspect mineral resources, after reports of foreigners being detained without exploration permits, Reuters reported.
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.
-
Business4 days ago
Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million
-
Sport4 days ago
Rashid Khan retained by Gujrat Titans ahead of IPL 2025 auction
-
Latest News4 days ago
DAB plans to set up electronic payments in Afghanistan
-
Regional4 days ago
Iran preparing strike on Israel from Iraqi territory within days, Axios reports
-
Regional4 days ago
Seven killed, dozens injured in blast in Pakistan’s Balochistan province
-
Sport2 days ago
Afghanistan to tour Zimbabwe for all-format series
-
Latest News3 days ago
Uzbekistan, EU envoys meet to discuss Afghanistan
-
Latest News3 days ago
UN expert calls for comprehensive, rights-focused action plan for Afghanistan