India, Afghanistan set a target of $2bn-worth trade to be achieved by 2020
On Friday, Afghanistan’s Ambassador to India, Dr Shaida Mohammad Abdali said that India and Afghanistan set the target of $2bn- worth trade that will be achieved by 2020.
Dr Shaida Mohammad Abdali with his representatives of 50 Afghan export firms have arrived in Delhi for a two-day meet, ‘Made in Afghanistan, Nature’s Best’. This meet will strengthen the trade relations between the two nations.
Abdali said, “It (Indo-Afghan trade) is on a high trajectory. The level of trade has increased to almost US$ 900 million between India and Afghanistan. Our target for trade by 2020 is US$ 2 billion and we are heading towards that target.”
He also said, ” We want borders to be opened up between India-Pakistan-Afghanistan and the rest of the region. We’re trading with India through Pakistan but it isn’t as smooth as desired. We hope Afghanistan’s connectivity is improved desirably for rest of the region.”
He also stated that Afghanistan is no longer a land-locked country and that is moving to a better position. also the opening of Chahbahar Port by 2022 will further help trade grow.
Dr Shaida Mohammad Abdali also said, “We discussed the opening of a joint chamber of commerce between India and Afghanistan and the opening of a business house for Afghan products in India.”
Steps are being taken to institutionalize the trade and also that the Goods and Service Tax (GST) had no impact on exports.