Government should boost export sector for self-sufficiency: analysts | Techno Glob


(MENAFN- Pajhwok Afghan News)

KABUL (Pajhwok): Calling the reopening of the air corridor with India a “good and important development”, analysts believe that the government should strengthen the export sector for self-sufficiency, take advantage of available economic opportunities and establish new economic relations with countries.

If the government increases domestic production and exports, analysts say, the move will create job opportunities and stabilize the Afghan economy.

In order to promote trade with India, the Ministry of Trade and Industry announced yesterday the reopening of the Air Corridor between Afghanistan and India which was activated three years ago.

Last month, 20 tons of pine nuts were exported to China, 12 tons of pine nuts worth $400,000 were sent to Germany from Herat yesterday and today about 75 tons of pine nuts were exported to China through the air corridor.

The annual value of pine nut exports from Afghanistan is estimated at two billion dollars.

Economic affairs expert Qais Muhammad Mohammadi told Pajhwok Afghanistan that Afghanistan’s good relations with its economic partners are crucial.

Economic relations between Afghanistan and India have almost come to a standstill over the past year and the reopening of the air corridor was important to boost trade relations between the two countries, he said.

He asked the caretaker government to revive the air corridors established under the previous government and take advantage of the economic opportunities that the previous government failed to exploit and improve export relations with other countries.

He added: “Unfortunately, Afghanistan’s trade balance was negative for the past 20 years because imports were high and exports were low, which represented a bad economic situation, but in the context of Afghanistan , it was acceptable because Afghanistan was dependent on foreign aid. .

He said the current government should use old institutions, work on domestic production, strengthen the export sector and thus earn foreign currency.

He suggested that the government open air corridors for export goods that had good value in world markets.

“If we increase domestic production and exports, foreign countries as well as neighboring countries will invest in Afghanistan. Currently, Iran and Pakistan are struggling with economic problems and the United States has imposed sanctions on Iran.

He believed that if facilities to increase domestic production were created, it would create jobs, reduce poverty and stabilize the economy, otherwise Afghanistan would remain dependent on foreign aid.

Export corridors

Khan Jan Alakozai, board member of the Chamber of Commerce and Investment, told Pajhwok that opening the air corridor between India and Afghanistan would have a positive impact on the economy of India. Afghanistan.

He said the air corridor with India was important as most of Afghanistan’s dried fruits, saffron, figs, hemp and herbal medicines were exported to India. He said the trade volume between Afghanistan and India stands at $600-800 million.

Alakozai said Afghan pine nuts enjoy a good market globally. Last year, 500 tons of pine nuts were exported to China, and this year up to 10,000 tons of pine nuts will be shipped to foreign countries.

He also said the government should increase exports and try to open air corridors with Dubai and Russia.

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