Business
US issues new general license on Afghanistan financial transactions
The US Treasury on Friday issued a new general license allowing international aid organizations and private firms to conduct commercial and financial transactions with Afghan government institutions.
The new license represents a shift in US policy that had impeded ordinary commerce with Afghan government agencies headed by US sanctioned Islamic Emirate of Afghanistan (IEA) and Haqqani Network leaders since they came into power in August, Reuters reported.
The new license maintains prohibitions on transactions with sanctioned leaders and other blocked individuals and excludes transfers of luxury items.
The license makes clear “that while sanctions on the Taliban (IEA) remain in place, this action facilitates the private companies and aid organizations working with governing Afghan institutions and paying customs duties, fees and taxes,” a senior administration official told reporters on a conference call.
The new license is part of what US officials said are ongoing US efforts to help contain an economic collapse that quickened in August when Washington and other donors cut financial aid underpinning 75 percent of Afghanistan’s public spending.
“Our action today recognizes that in light of this dire crisis, it is essential that we address concerns that sanctions inhibit commercial and financial activity,” Deputy Treasury Secretary Wally Adeyemo said in a statement.
The license, signed and published by the US Treasury Department on Friday, stated: “Authorizing Transactions Involving Afghanistan or Governing Institutions in Afghanistan (a) To the extent authorization is required and except as provided in paragraph (b) of this general license, all transactions involving Afghanistan or governing institutions in Afghanistan prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), the Foreign Terrorist Organizations Sanctions Regulations, 31 CFR part 597 (FTOSR), or Executive Order (E.O.) 13224, as amended, are authorized.”
The Office of Foreign Assets Control (OFAC) of the US Department of Treasury explained that the new license, GL 20, “authorizes financial transfers to or involving all governing institutions in Afghanistan — including but not limited to the DAB (Central Bank), Ministry of Education, Ministry of Energy and Water, Ministry of Finance, Ministry of Agriculture, Irrigation, and Livestock, and Ministry of Public Health — or to or involving state-owned or -controlled companies and enterprises in Afghanistan, including Da Afghanistan Breshna Sherkat (DABS), provided there are no financial transfers to the Taliban (IEA), the Haqqani Network, any entity in which the Taliban (IEA) or the Haqqani Network owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, or any blocked individual who is in a leadership role of a governing institution in Afghanistan,”
Examples of activities authorized by GL 20 includes “commercial transactions involving Afghanistan, including imports from Afghanistan, exports to Afghanistan, and commercial transactions within or involving the geographical territory of Afghanistan.”
It also includes “dealings with state-owned or -controlled companies and enterprises in Afghanistan, including the electrical utility Da Afghanistan Breshna Sherkat (DABS).”
Other inclusions are as follows:
- Payment of taxes, fees, or import duties, or the purchase or receipt of permits, licenses, or public utility services, provided that such payments do not relate to luxury items or services;
- Financial institutions’ processing of transactions to, from, or transiting Afghanistan, including clearing, settlement, and transfers through, to, or otherwise involving privately owned and state-owned Afghan banks;
- Financial and professional services related to economic activity in Afghanistan;
- Activities related to infrastructure maintenance or development in Afghanistan, including water, sanitation, energy, electricity, and public utilities;
- Activities related to the development, maintenance, and operation of civilian transportation in Afghanistan, including safety and maintenance operations for civilian transportation in Afghanistan, including air traffic services, air navigation services, other transactions ordinarily incident and necessary to operations or use of airports, ground and landside operations, and rail or road construction or maintenance;
- Transactions with respect to the receipt and transmission of telecommunications, mail, or parcels involving Afghanistan;
- Importation from and exportation to Afghanistan of any information or informational materials;
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Business
Afghanistan, Uzbekistan and Kyrgyzstan agree on framework to boost trade and transit
Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.
Afghanistan, Uzbekistan and Kyrgyzstan have agreed to strengthen regional trade and transit cooperation following a high-level trilateral meeting held in Tashkent on the sidelines of the INNOPROM Central Asia expo.
Afghanistan’s Minister of Industry and Commerce Nuruddin Azizi met with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade, and Sanzhar Iskenderovich Asylkulov, Deputy Minister of Economy and Commerce of Kyrgyzstan, to discuss measures aimed at facilitating transit procedures, increasing trade volumes and expanding Afghan exports to Central Asian markets.
Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.
At the conclusion of the meeting, the three sides agreed to establish a joint working group to oversee implementation of the proposed initiatives. They also reached agreement on Afghanistan’s membership in the exhibition platform.
The event brings together participants from across Central Asia, as well as Russia and Belarus, providing a platform for industrial cooperation and investment.
Officials say Afghanistan’s participation is expected to open new opportunities for local industries to showcase products and strengthen their presence in regional markets, while the agreement marks a step toward deeper economic integration and improved regional connectivity.
Business
Afghanistan showcases industry at key Central Asia expo
The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
Afghanistan is making a notable showing at the INNOPROM Central Asia, one of the region’s largest industrial platforms, as Minister of Industry and Commerce Nuruddin Azizi travels to Uzbekistan to attend the event.
The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
It is aimed at promoting industrial development, showcasing advanced technologies and expanding regional investment cooperation.
According to Afghanistan’s Ministry of Industry and Commerce, more than 60 Afghan companies are taking part, representing sectors such as cotton, coal, pharmaceuticals and agricultural products.
Officials say the participation highlights efforts to strengthen trade ties and position Afghanistan as a growing economic partner in the region.
INNOPROM Central Asia is widely regarded as a key platform for fostering industrial collaboration and unlocking new investment opportunities across Central Asia.
Business
Afghan commerce minister highlights trade trust and market stability at Antalya Forum
“The message from the Islamic Emirate of Afghanistan is centered around peace and peaceful coexistence,” Azizi stated.
Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, underscored the importance of trust in trade and regional stability during a high-level panel discussion titled “Trust in Trade: The Future of Economic Integration and Stability in South Asia” at the 5th Antalya Diplomacy Forum in Türkiye.
In his remarks, Azizi emphasized the critical need for peace, stability, and stronger human connections between nations. He noted that the Afghan people have faced nearly five decades of hardship, and continue to endure challenges, including the ongoing issue of frozen assets, which limit the country’s economic potential.
“The message from the Islamic Emirate of Afghanistan is centered around peace and peaceful coexistence,” Azizi stated, highlighting the alignment of these values with both religious teachings and the aspirations of the Afghan people.
When asked about the impact of recent regional developments on fuel and liquefied gas prices, Azizi reassured attendees that Afghanistan had already taken proactive steps to mitigate potential disruptions. He shared that while global fuel prices had surged, Afghanistan’s fuel price increase remained modest—only 3 to 5 percent.
“This demonstrates effective planning and market management in securing the country’s fuel and gas supplies,” he added.
Azizi also expressed his gratitude for the Antalya Diplomacy Forum, praising Türkiye for its efforts in tackling global and regional challenges, including its stance on the situation in Gaza.
The Antalya Diplomacy Forum, which continues to serve as an essential platform for fostering regional dialogue, remains focused on economic cooperation, political stability, and addressing pressing global issues.
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