Afghanistan’s world trade volume drops by half: ACCI

Sunday, 03 June 2018 07:31 Written by  Published in Economy Read 7354 times

Afghanistan Chamber of Commerce and Industries (ACCI) says the value of trade between Afghanistan and other countries in the world has reduced to at least seven billion USD in recent years from almost $14 billion USD in 2014.
The ACCI officials said economic stagnation of some companies in recent years has affected money in circulation in the country which is a reason behind the decrease in trade value.
Deputy head of ACCI Khanjan Alokozai said some investors with over 20 years of work experience in Afghanistan have cancelled their investment in the country due to some certain reasons.
“Our trade volume with the world was up to $15 billion USD but now it is between six to seven billion USD which shows too much reduction. This is all is because of problems faced by traders,” Alokozai said.
However, the Ministry of Commerce and Industries said the trade volume has increased in the recent years.

“The money in circulation was more than eight billion USD in 2015 and 2017 but our exports which were over $500 million USD in 2015 increased to more than $700 million in last year,” said Musafir Qoqandi, spokesman for the ministry.
Some investors said insecurity and trade problems with a number of neighboring countries were main reasons behind the reduction in the trade volume.

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