Afghanistan seeks to double trade with Pakistan after trade barriers removed

The Afghan Ministry of Industry and Commerce has issued a statement that said "all barriers" in the way of trade relations between Afghanistan and Pakistan have been settled down over the past few weeks.
 

“The Ministry of Industry and Commerce under the leadership of Minister Nisar Ahmad Ghoryani is making all its efforts to remove all barriers in the way of the private sector in trade and commerce with Pakistan”, said the spokesman for the Ministry of Industry and Commerce, Fawad Ahmadi. Afghan officials of the ministry said that a delegation will soon visit Islamabad where they will discuss further enhancement of trade ties with Afghanistan.


Head of Afghanistan-Pakistan Joint Chamber of Commerce and Industries, Naqibullah Safai, said that trade delegations from Afghanistan and Pakistan in their recent meetings have agreed to resolve all their bilateral economic issues and enhance their joint efforts to further develop economic ties between the two countries.


Pakistan is Afghanistan’s largest trading partner, while Afghanistan is Pakistan’s second- largest export market. Peaceful economic cooperation between Afghanistan and Pakistan and improved trade and transit facilities could help connect South Asia with Central Asia. However, the volume of trade between Afghanistan and Pakistan has slumped to less than $1 billion from $3 billion in the past. Therefore, officials in Kabul raised hope that Afghanistan’s exports to Pakistan will increase by $400 million next year.

Source: commonspace.eu with agencies. 

Photo: A van nearby the clashes area with a Moroccan security outpost in the background (Al Quds al Arabi). 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Turkiye to host COP31 in 2026

Turkiye to host COP31 in 2026

A consensus has emerged during COP 30, currently being held in Belan, Brazil, that COP 31 will be held in the Turkish city of Antalya, in 2026. In 2026 Turkiye will host another global event, the NATO leaders summit. Turkiye is set to host COP31 after reaching compromise with Australia.  The COP31 climate meeting is now expected to be held in Turkey after Australia dropped its bid to host the annual event. Under the UN rules, the right to host the COP in 2026 falls to a group of countries made up of Western Europe, Australia and others. A consensus must be reached but neither country had been willing to concede. Australia has now agreed to support the Turkish bid in return for their minister chairing the talks following negotiations at COP30, currently being held in Brazil. This unusual arrangement has taken observers by surprise. It is normal for a COP president to be from the host country and how this new partnership will work in practice remains to be seen. Australian Prime Minister Anthony Albanese has called the compromise with Turkey an "outstanding result" in an interview with the Australian Broadcasting Corporation (ABC), noting Pacific issues would be "front and centre". He added that he had spoken to Papua New Guinea Prime Minister James Marape and Prime Minister Rabuka of Fiji. There will be relief among countries currently meeting at COP30 in the Brazilian city of Belém that a compromise has been reached as the lack of agreement on the venue was becoming an embarrassment for the UN.

Popular

Editor's choice
News
Turkiye to host COP31 in 2026

Turkiye to host COP31 in 2026

A consensus has emerged during COP 30, currently being held in Belan, Brazil, that COP 31 will be held in the Turkish city of Antalya, in 2026. In 2026 Turkiye will host another global event, the NATO leaders summit. Turkiye is set to host COP31 after reaching compromise with Australia.  The COP31 climate meeting is now expected to be held in Turkey after Australia dropped its bid to host the annual event. Under the UN rules, the right to host the COP in 2026 falls to a group of countries made up of Western Europe, Australia and others. A consensus must be reached but neither country had been willing to concede. Australia has now agreed to support the Turkish bid in return for their minister chairing the talks following negotiations at COP30, currently being held in Brazil. This unusual arrangement has taken observers by surprise. It is normal for a COP president to be from the host country and how this new partnership will work in practice remains to be seen. Australian Prime Minister Anthony Albanese has called the compromise with Turkey an "outstanding result" in an interview with the Australian Broadcasting Corporation (ABC), noting Pacific issues would be "front and centre". He added that he had spoken to Papua New Guinea Prime Minister James Marape and Prime Minister Rabuka of Fiji. There will be relief among countries currently meeting at COP30 in the Brazilian city of Belém that a compromise has been reached as the lack of agreement on the venue was becoming an embarrassment for the UN.