en.Wedoany.com Reported - Mohammad Wali Amini, Executive Chairman of the Afghanistan Chamber of Commerce and Investment (ACCI), revealed that under the latest plan, bilateral trade between Afghanistan and Uzbekistan has increased from the previous $400 million to $500 million to over $1.5 billion, and is expected to approach $5 billion within the next one to two years.
Recently, multiple trade delegations have traveled between Kabul and Tashkent, with discussions focused on expanding trade relations and economic cooperation. The sectors covered by these agreements include fresh and dried fruits, precious and semi-precious stones, coal, cement, carpets, cotton, raw materials, foodstuffs, and pharmaceuticals.
Several Uzbek investors have indicated their readiness to invest in Afghanistan's textile industry, garment production, and cotton farming sectors. They emphasized that if cheap electricity and government cooperation are provided, they are prepared to invest millions of dollars in Afghanistan's industrial sector. Uzbek businessman Bakhtiyar Janov pointed out that if conditions are suitable, particularly with access to affordable electricity and government cooperation, they plan to invest $10 million to $15 million within the next one to two years to establish a spinning mill in Afghanistan. Another Uzbek businessman added that his company produces various types of garments in the Andijan region and aims to cooperate with Afghanistan and export textile products.
Kabul and Tashkent are seeking to open a new chapter for economic cooperation, with the goal of raising bilateral trade volume to $5 billion over the next five years. Analysts believe that achieving this target requires large-scale investments in transit transport, energy, and industry, as well as streamlining import and export procedures between the two countries.
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