Afghanistan’s exports total $2 billion for last solar year

HOA
By HOA
4 Min Read

The deputy minister of trade and industry said on Tuesday at a press conference that Afghanistan’s exports totaled $2 billion for the past solar year.

Presenting his financial report for the 1401 solar year, Mawlavi Qadratullah Jamal said: “For the first time, Afghanistan’s exports have reached about two billion dollars, which shows an increase of 135 percent compared to [solar year] 1400 and 166 percent compared to 1399.”

According to the deputy minister, the recent actions of the Islamic Emirate’s administrations on improving the trade balance, maintaining monetary stability, creating work opportunities and providing transparency in revenue collection are among the reasons for the growth in Afghanistan’s trade and export revenue.

“During the last year, with a total value of $925.5 million, coal, cotton, hemp, pomegranate, raisins, figs, grapes, Roman eggplant, black pine nuts and onions to Pakistan, India, Uzbekistan, Tajikistan, United Arab Emirates, China, Iran, Iraq, Turkey and Kazakhstan have been exported,” Jamal said.

Officials add that in order to standardize and increase the country’s exports, the ministry plans to establish export processing centers in five zones around the country.

Officials have also said that the necessary facilities have been provided for importing goods and that the private sector can import their goods without any problems.

The deputy minister added that in order to strengthen trade, facilitate exports and imports and expand cooperation between countries, necessary arrangements have been made with neighboring countries such as Iran, Pakistan, Russia, China, Uzbekistan, and Turkmenistan.

The officials of the ministry say that in terms of development and improvement of the industry in Afghanistan, fundamental steps have been taken, which includes growth in 50 sectors – including the iron smelting and skewer production sector, the spice sector, the soft drink production sector, the carpet sector and the printing sector.

According to the ministry, there are 51 industrial parks in the country, of which 14 industrial parks have been kept active during the last year, and efforts are underway to attract investment and reactivate all industrial parks.

According to the officials, in terms of attracting domestic and foreign investments, by providing the necessary facilities, the barriers to the investors have been removed.

Recently, a service center was established at the Kabul airport, and so far, 100 investors have received visas through this center. In addition, the ministry has created a legal and regulatory framework so that domestic and foreign investors can invest in the country with full confidence.

Also, the complex and time-consuming processes have been modified and now the private sector and entrepreneurs can receive, renew or cancel their licenses in the shortest possible time, officials said.

According to the ministry, during the last year, 5,100 licenses were distributed, 7,228 licenses were renewed and 333 licenses were canceled and 7,000 business passports were also distributed.

According to officials, during the year 1401, the amount of 341.6 million afghanis was allocated to this ministry and the amount of 15.5 million afghanis was allocated to this ministry, of which 83.3 percent of this amount was used.

Also, in 1401, a total amount of 704.48 million afghanis was collected, which shows a 43.37 percent increase compared to last year.

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