ACCI

ACCI leadership accompanied H.E. Chief Executive of I.R. of Afghanistan on his trip to Delhi

A Business delegation comprising 7 businessmen led by Mr. Mohammad Younus Momand, Commercial vice-chairman of ACCI’s board of directors accompanied H.E. Dr Abdullah Abdullah, Chief Executive officer of I.R of Afghanistan on his trip to New Delhi, India from 31 Jan - 4 Feb 2016.

H.E Dr Abdullah Abdullah along with the accompanying delegation met 15 Afghan Businessmen who are doing business in India at the Embassy of Islamic Republic of Afghanistan in New Delhi on 1 Feb 2016. Mr. Ahmadullah, President of Afghan Traders Association in New Delhi while welcoming H.E Dr Abdullah Abdullah and the accompanying delegation detailed some of the challenges faced by Afghan Businessmen while doing business with India.

On 3rd Feb 2016 Afghan delegation participated at the Afghan-India trade and investment conference which was organized by Federation of Indian Chambers of commerce and Industry “FICCI”, Confederation of Indian Industries “CII” and Associated Chambers of Commerce and Industry of India “ASSOCHAM” in collaboration with Afghanistan Embassy in New Delhi India. The conference was addressed by H.E. Dr Abdullah Abdullah, Chief Executive Officer of Afghanistan National Unity government, H.E. Humayoon Rasaw, Minister of commerce and Industry of Afghanistan,  Mr. Shri Amar Sinha, Secretary, Economic Relations, Ministry of External Affairs, government of India, Mr. Mohammad Younus Momand, Commercial vice-chairman of ACCI and SAARC CCI Vice-president (Afghanistan Chapter), Mr. Mohammad Qurban Haqjo, President of Afghanistan Investment Supporting Agency, S.C Aggarwal, Senior Managing Committee member of ASSOCHAM, Mr. Sanjay Singh, principal Resident Representative of TATA sons ltd and Mr. Deepak Amitabh, Co-Chairman, Afghanistan-India Chamber of Commerce and Industry.

Mr. Momand, Commercial Vice-chairman of ACCI while conveying his sincere thanks to FICCI, CII, ASSOCHAM and Embassy of Afghanistan in New Delhi for organizing the conference said that Afghan government and private sector are optimistic regarding the future of Afghan-Indian economic partnerships. He added that in recent years bilateral trades between Afghanistan and India has grown due to the existence of political will on both sides and the supportive Indian policy towards Afghan businesses. He referred to the meeting of H.E. Chief Executive of Afghanistan with Afghan traders on 1 Feb 2016 and said that Under SAFTA, India has exempted 480 items of Afghan products from custom tariffs but Afghan exporters should provide an Indian Company address to process their export in order to benefit from the exemption and suggested that India should allow ACCI to establish a trade center in India and let the Afghan traders send their commodities to that address. He also referred to the lengthy and time consuming procedures in Indian customs and said that sometimes custom processes for fresh fruits and vegetables take one week time which is too long for fruits and vegetables to survive. He further added that Afghan exporters use stickers containing necessary information for the products inside a carton, but Indian customs asks them to use stickers for every single package of even a half kg of material packed in a plastic bag, which is not applicable considering the limited resources and facilities in Afghanistan. He said that these issues will be resolved when our business cooperation will evolve to a higher level in coming years.

While thanking the organizer of the conference, H. E Chief Executive of Afghanistan said that Afghanistan is ready to receive Indian investors in Infrastructure, Energy, Agriculture, Health, education, Information Technology and other sectors and stated that Afghan government and the relevant entities in Afghanistan are ready to assist Indian Investors in all aspects related to their investment in Afghanistan.

The Chief Executive of Afghanistan addressed all the issues raised by Afghan traders and said that the matter has already been shared with H.E Narendra Modi, Prime Minister of India during the meeting and directed the Embassy and other relevant entities to review and solve these problems.

A Memorandum of Understanding was signed between ACCI and ASSOCHAM to strengthen bilateral economic cooperation between Afghanistan and India on the sideline of the Afghan India trade and investment Conference. The objective of this MoU is to support the development of bilateral economic relations by providing a platform of regular interaction between the business people of both countries to meet, discuss and explore business opportunities in trade, investment, transfer of technology and furtherance of all other economic activities.

The conference was then summed up by attending of the Chief Executive of Afghanistan and his accompanying delegation in specialized meetings with Federation of Indian Chamber of Commerce and Industries “FICCI”, Confederation of Indian Industries “CII” and Associated Chamber of Commerce and Industry of India “ASSOCHAM”.

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