Trade Agreement Signed Between Afghanistan, Pakistan and Uzbekistan

ACCI said that the private sector of Afghanistan is also trying to solve the challenges of businessmen in a permanent way.

A trilateral trade and transit agreement was signed between Afghanistan, Pakistan and Uzbekistan in Islamabad.

The extension of commercial relations, joint investments, and strengthening of the banking system were among the topics covered in the meeting relating to this matter, according to the Ministry of Industry and Commerce (MoIC).

“This meeting has emphasized strengthening trilateral economic relations, regional connectivity through trade development, more transit facilities, increasing joint investments, reducing costs, transportation facilities, electrification of customs systems, food safety, issuance of visas, and elimination of trilateral transit issues,” said MoIC spokesman Akhundzada Abdul Salaam Javad.

The Afghanistan Chamber of Commerce and Investment (ACCI) considers the meetings of the delegation of the Islamic Emirate with Pakistani officials as important in the development of trade in the region.

ACCI said that the private sector of Afghanistan is also trying to solve the challenges of businessmen in a permanent way.

“The demand of the high-ranking delegation of the Islamic Emirate is to allow the Afghan containers that have been stopped in Pakistan for a long time to pass, as well as to focus on transit, transportation and problems between Afghanistan and neighboring countries,” ACCI’s deputy head Khairuddin Mayel said.

According to some businesspeople, resolving businesspeople’s challenges plays an important role in business development and increasing exports.

“The economic balance between Afghanistan and Pakistan, especially the economy that depends on each other, should be planned for both countries in a way that will lead to economic growth of both countries,” said Mahbobullah Mohammadi, a businessman.

“We have good relations with Uzbekistan, and connecting South Asia with Central Asia through Afghanistan is in the interest of all countries in the region, especially the extension of the Trans-Afghan railway,” said Azerakhsh Hafizi, an economist.

Acting Minister of Industry and Commerce Nooruddin Azizi visited Pakistan on Monday leading a delegation that included members of the nation’s business sector and the Ministries of Finance, Transport, Aviation, and Foreign Affairs.

Trade Agreement Signed Between Afghanistan, Pakistan and Uzbekistan