Trade and Investment in South Asia Opportunities for Afghanistan

Afghanistan Chamber of Commerce and Industries in collaboration with SAARC Chamber of Commerce and Industries hosted a conference on Trade and Investment Opportunities for Afghanistan on April 13, 2016, at Serena Hotel -Kabul, Afghanistan.

A business delegation of SAARC Chamber of Commerce from Nepal, Bhutan, India, Pakistan, Sri Lanka led by Suraj Vaidya the President of SAARC CCI came to Afghanistan.

Mr. Muhammad Iqbal Tabish, Secretary General of SAARC CCI gave brief information about SAARC CCI and H.E. Humayoon Rasaw, Minister of Afghanistan Commerce and Industries, Mr. Suraj Vaidya, President of SAARC CCI, Mr. Om Bahadur Raj Bhandary, Vice President- SAARC CCI from Nepal, Mr. Mohammad Yonass Mohmand, Commercial Vice-Chairman ACCI and SAARC CCI Vice-President, Mr. Atiqullah Nusrat, CEO of ACCI spoke to this event.

Having private sector members and foreign business delegation in attendance this key event was officially inaugurated with welcome remarks from Mr. Atiqullah Nusrat CEO of ACCI.

While welcoming the participant, Mr. Nusrat termed the prime objective of the gathering as availing the opportunity of face to face meetings among members of regional countries in order to enhance regional integrity.

Mr. Nusrat added: “currently the greatest portion of our foreign trade is being done with neighboring countries such as Pakistan and India, but unfortunately our trade volume with other member countries of SAARC CCI is intangible”. He termed the transit problems and lack of facilities in visa processing as main causes of reduction in trade turnover, and urged the ministry of foreign affairs to spare no efforts for providing SARCC Visa stickers for Afghan private sector.

Meanwhile he hoped that with discussing several aspects of joints economic goals, the trade turnover among members of this south Asian organization would be increased.

Mr. Alhaj Mohammad Yonaas Momand praised Mr. Atiqullah Nusrat for his endeavors toward organizing national and international conferences.

Expressing hope over future regional cooperation Mr. Momand called the strengthening of these cooperation vital for economic prosperity of regional countries.

He urged the SAARC member countries and relevant authorities to actively participate in economic development of Afghanistan through investment in economic infrastructures.

Mr. Suraj Vaidya president of SAARC CCI, called Afghanistan land of opportunities with enormous untapped natural resources and called on international investor to come and invest in Afghanistan. “The trade turnover among the regional countries would witness a dramatic increase with providing facilities in access to visa”. He added.

Mr. Muzamil Shinwari while briefing the participant on two and multilateral agreements among Afghanistan and SAARC member countries, termed the better implementation of aforesaid agreements in the best interest of the entire region.

On behalf of Ministry of commerce and industries Mr. Shinwari assured the delegation of full support from the ministry of commerce and industries.

As a part of the event, Mr. Walid Majidyar Deputy of AISA presented the potential business and investment opportunities of Afghanistan during a presentation.

This delegation met former President of Afghanistan H.E. Hamid Karzai, H.E Mohammad Ashraf Ghani president of Islamic republic of Afghanistan and Afghan business delegation during their visit.

The SAARC CCI would  like to work closely with SAARC member states to create investment friendly climate in the region and would work to expand youth entrepreneurship in the region, promote gender equality and give due recognition to women entrepreneurs.

This event follows the  SAARC CCI  President Change office Ceremony on 14th March 2016 where Mr. M. Yonass Mohmand, SAARC CCI Vice-President (Afghanistan) emphasized on the regional connectivity of the SAARC Region and the role of Afghanistan in connecting the SAARC region to the central Asia and beyond, he asked all the SAARC countries to visit Afghanistan for investment.

SAARC Region is the biggest market place for the South Asian Countries by having the 1/4th population of the world, if the SAARC Countries start doing business among them, it will have extremely positive impact on the other parts of the world.

SAARC CCI is comprised of eight sought Asian countries Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

The objective of the association is to promote the welfare of the people of SOUTH ASIA and to improve their quality of life; and to accelerate economic growth, social progress and cultural development in the region.

To view photos of this conference please click here.