Trade memoranda of understanding (MoUs) worth nearly $400 million were signed between Afghan private-sector traders and investors and representatives of regional countries on the sidelines of the Fifth Imam Abu Hanifa (RA) National and International Exhibition in Kabul.
The Afghanistan Chamber of Commerce and Investment (ACCI) announced that the MoUs were signed during bilateral business meetings between Afghan traders and investors and representatives of participating countries, particularly Uzbekistan and India.
Officials from the ACCI, a deputy from the Uzbekistan Chamber of Commerce and Industry, the ambassador of Kazakhstan, and representatives from India, Turkmenistan, and Kyrgyzstan attended the meetings.
The bilateral business meetings aimed to expand economic relations, strengthen trade cooperation, identify new investment opportunities, and establish direct links between Afghan traders and investors and their regional counterparts.
During the meetings, participants discussed potential cooperation across various economic sectors and emphasized the importance of expanding trade relations and creating more opportunities for private-sector activities.
The signing of the MoUs on the sidelines of the exhibition provided an opportunity to showcase Afghanistan’s economic potential, promote domestic products, and attract foreign traders and investors to the country’s investment opportunities.
The Imam Abu Hanifa (RA) National and International Exhibition aims to showcase domestic products, create marketing opportunities, strengthen ties between domestic and foreign traders, and expand economic cooperation.
Meanwhile, once implemented, the signed MoUs are expected to expand trade between Afghanistan and regional countries, increase investment opportunities, and strengthen the role of the private sector in the country’s economic growth.
