Taliban, Kyrgyz Firms Sign $165M In Trade Deals
The Taliban’s Ministry of Commerce and Industry said trade memorandums of understanding worth $165 million were signed during the visit of Kyrgyzstan’s Minister of Economy, Bakyt Sydykov, to Kabul.
The Taliban’s Ministry of Commerce and Industry said trade memorandums of understanding worth $165 million were signed during the visit of Kyrgyzstan’s Minister of Economy, Bakyt Sydykov, to Kabul.
In a statement issued on Wednesday, the ministry said the agreements were concluded between private sector companies from Afghanistan and Kyrgyzstan.
According to the statement, the memorandums were signed following a “Business Networking” meeting hosted in Kabul after the visit of the Kyrgyz economic delegation. The meeting brought together private sector representatives from both countries for talks covering gold, pharmaceuticals, telecommunications, mining and energy, logistics and transport, banking, agriculture and livestock.
Speaking at the meeting, Taliban Minister of Commerce and Industry Nooruddin Azizi described economic relations with Kyrgyzstan as important. He said the two countries are economically complementary, with Afghanistan located at the crossroads of South and West Asia and Kyrgyzstan serving as a gateway to Central Asia and Eurasian economic markets.
Azizi said the signing of a cooperation roadmap and trade memorandums provides an operational framework for expanding economic ties between Afghanistan and Kyrgyzstan. He also described the opening of a Kyrgyz Trade House in Kabul as a bridge linking private sector actors in both countries.
The Ministry of Commerce and Industry had earlier announced that Kyrgyzstan opened its Trade House in Kabul during the delegation’s visit, calling the move an important step towards strengthening and institutionalising trade and economic relations between the two countries.
