Taliban will attract foreign investment in Afghanistan
2023.01.02 04:48
Taliban will attract foreign investment in Afghanistan
Budrigannews.com – The acting commerce minister stated that the Taliban administration will promote self-sufficiency and want international trade and investment, as Afghanistan faces isolation and the suspension of some humanitarian operations due to restrictions on women.
According to Haji Nooruddin Azizi, who spoke with Reuters, “We will start a national self-sufficiency program, we will encourage all government administrations to use domestic products, and we will also try to encourage people to support our domestic products through mosques.” We will back anything that will help us become self-sufficient.
He stated that increasing trade and foreign investment was an additional component of their strategy.
He stated, “Those who were importing items to Afghanistan from abroad, they are asking us to provide opportunities for investing in Afghanistan, and they want to invest here rather than importing from abroad.”
He stated that trade and investment were of interest to Russia, China, and Iran. He stated that China’s industrial parks and thermal power plants were among the projects under discussion, with Russia and Iran participating.
Investors are confronted with increasing security concerns following attacks on foreign targets in Kabul, claimed by the Islamic State, as well as sanctions that hinder the country’s banking sector. Investors are already facing a lack of formal recognition and sanctions.
A prominent member of the Chinese business community has stated that the recent attack on a hotel that caters to Chinese businessmen, which severely injured several foreigners, may cause some to reconsider investing.
Azizi stated that security was being worked on by authorities.
“We make every effort to protect our businessmen from harm. The assault hasn’t had any awful effect, (however) on the off chance that it happened continually, yes it could have terrible effect,” he expressed, alluding to the speculation climate.
Azizi proposed creating special economic zones on land that had been used for U.S. military bases in order to boost industry. He stated that the plan was being presented to the cabinet and economic commission of the administration by his ministry.
He went on to say that foreign investors were interested in Afghanistan’s mining industry, which is worth more than $1 trillion. He stated that 40 companies participated in an auction for an iron mine in western Herat and a lead mine in central Ghor province, and that the results would soon be released.
He stated that Afghanistan would receive the commodities in the coming days as a result of a significant contract that was signed with Russia in September for the supply of gas, oil, and wheat.
Due to recent policies that prevent women from participating in public life, including attending university, the administration led by the Taliban is experiencing an increase in its isolation.
The humanitarian sector, which is providing urgent assistance to millions of people, has been thrown into disarray as a result of an order prohibiting female NGO workers. Some organizations have ceased operations in the middle of the harsh winter.
Although his ministry has allocated 5 acres of land for a permanent exhibition center and hub for women-led businesses, Azizi did not discuss the new restrictions.
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