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Ukrainian President Volodymyr Zelenskyy said on Saturday that Kyiv has signed new agreements with international partners to boost joint arms productio...
Afghanistan’s foreign trade reached $12.949 billion over the past year, according to the Ministry of Industry and Commerce, signaling a notable increase in economic activity.
The ministry highlighted that the rise reflects improved purchasing power among Afghans and stronger trade relations with regional partners.
The country exported goods worth $1.785 billion during this period, with key exports including figs, cotton, raisins, carpets, lead ingots, and precious and semi-precious stones. These products found strong demand in markets such as Pakistan, India, the UAE, Uzbekistan, Iran, Kazakhstan, China, Türkiye, and Tajikistan. On the other hand, Afghanistan imported $11.164 billion worth of goods, including essential items like diesel fuel, wheat flour, vehicle parts, liquefied gas, cotton textiles, spices, oil, and rice, which are vital for sustaining domestic industries and daily commerce.
While the figures indicate economic activity, Afghanistan continues to face a significant trade deficit. In 2023, imports totaled $7.710 billion, while exports reached $1.884 billion, underscoring the country’s reliance on foreign goods. The United Nations Assistance Mission in Afghanistan (UNAMA) special representative Roza Utunbayeva, recently reported a 2.7% economic growth rate for 2024, suggesting modest progress. However, experts warn that persistent challenges, including reduced foreign aid and the widening trade gap, could hinder long-term stability.
The latest trade data highlights both Afghanistan’s economic resilience and the ongoing need for policies that boost exports, attract investment, and reduce dependency on imports. As the country navigates these challenges, observers remain cautious about its economic trajectory in the coming years.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
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Armenian Prime Minister Nikol Pashinyan says the country needs a new constitution that reflects its current realities and has a clear purpose.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, met with Azerbaijani Prime Minister Ali Asadov in Baku to discuss expanding trade and developing the Lapis Lazuli transport corridor.
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Türkiye’s President and Iranian President met on the sidelines of the 17th Economic Cooperation Organization summit in Khankendi, Azerbaijan, highlighting the event’s regional significance.
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