Afghanistan- Business Opportunities
Mr.Naseem Sharifi, Consul General of Afghanistan and Mr. Abdul Nafi Sarwari, Commercial Attaché, Consulate of Afghanistan have accepted the Honorary Membership of Global India Business Forum, in the presence of Dr. Jitendra Joshi- Global President, Ms. Deepali Gadkari- Global Coordinator, Mr. Abhishek Joshi- Global Youth Coordinator. Realizing the strengths of Global India Business Forum and the Consulate of Afghanistan and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
Islamic Republic of Afghanistan, also called Afghanistan, is a landlocked country situated between Central and South Asia. It shares its borders with countries like Pakistan, Iran, Turkmenistan, Uzbekistan, Tajikistan and China. Kabul is the largest city and is also the capital of Afghanistan and the population of the country stands at 3,89,28,346. The country consists of ethnic communities like Pashtuns, Tajiks, Hazaras and Uzbeks. The major religion in Afghanistan is Islam and the country is a unitary presidential Islamic republic. It is also a member of various organisations like the United Nations, South Asian Association for Regional Cooperation (SAARC) among many others. The country has friendly relations with countries like the USA, Canada, United Kingdom, Germany, Australia and Turkey. The country has a continental climate which means that the temperatures vary in extreme proportions with harsh winters and hot summers. Dari and Pashto are the official languages of Afghanistan and bilingualism is quite common there.
Business Opportunities in Afghanistan
Construction is one of the biggest industries in the country with many Afghanis coming into the labour market to work for the construction sector. There are some major projects in line which can help create a lot of business opportunities. Afghanistan also exports a lot of fruits and nuts to different countries across the world thus giving international players more business opportunities. Agriculture is the backbone of the country’s economy. Afghanistan also produces saffron, the world’s most expensive spice and was ranked as the world’s best saffron by the International Taste and Quality Institute.
Exports and Imports in Afghanistan
Exports in Afghanistan are expected to reach $691.70 million by the end of 2020; while on the other hand, the imports are expected to reach $7060.00 million by the end of 2020.
Top Exports of Afghanistan
Exports of Afghanistan make up to 20% of the country’s GDP. The top exports are carpets and rugs, which account for 43% of total exports, followed by dried fruits and medicinal plants. Another equally important item exported is saffron, which is considered as one of the best quality saffron in the world. The main export partners are Pakistan, India and Russia.
Top Imports of Afghanistan
On the other hand, the main items imported by Afghanistan are Petroleum, which accounts for 33% of the total imports, followed by machinery and equipment and base metals and related articles. The country’s main import partners are Pakistan, Russia, Uzbekistan, Iran and China.