Business
Uzbek-Afghan Officials Sign Contract, 3 MoUs to Boost Economy
Uzbekistan officials on Monday have signed 3 memorandums of Understanding and one contract on selling of wheat, energy, and cooperation on refinery of oil, railway, Agriculture and gas with Afghan official in Kabul.
The Afghanistan President Special envoy in central Asia Affairs Shakar Kargar said, “Uzbekistan is ready to have multiple economic ties with Afghan Government, and soon one Afghan delegation will visit Uzbekistan, to sign several other contracts on boosting economy at the end of November 2016.”
The chairman of Uzbekistan National exporting department Erkin Yunisov said, “We should use the existed business opportunity for boosting of businesses, insisting that both countries should have chamber of commerce and industries in each other territory.”
Meanwhile officials in Afghanistan chamber of commerce and industry foresaid that if the business contracts to be signed, the level of mutual business between the two countries will increase up to $ 1 billion.
Chairman of chamber of commerce and industry Atiqullah Nasrat said, “In current condition Afghanistan and Uzbekistan are dealing on $ 350 million, insisting that it needs to be raised up to $ 1 billion by using the existed golden opportunities.”
Week ago, officials from Turkmenistan and Afghanistan witnessed the first phase of construction of railway from Aqina-Ankhoi district of Jawzjan province lengthened 58 kilo meter and funded by the Turkmenistan and Asian Development Bank.
Reported by: Aslam Hejaab
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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