India may establish free trade zone for Afghanistan goods

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KABUL (TCA) — India is considering establishing a free trade zone for Afghanistan goods in order to increase the export of Afghan products to India and other countries, TOLOnews agency reports citing the Afghan Ministry of Commerce.

Afghanistan’s exports will considerably increase if a free trade zone is created in India, the commerce ministry spokesman Musafir Qoqandi told TOLOnews.

“For sure, these zones will be built by India for Afghan exports in order to send our products to other parts of India and out of that country,” he said. “We welcome this move and it will be effective for the increase of Afghanistan’s exports.”

Meanwhile, the International Chamber of Commerce stressed the need for such zones inside Afghanistan.

Abdul Qadir Bahman, CEO of the Chamber, said that they will send a draft plan to the Afghan government in the near future.

“It is a good move. If India gives this chance to Afghan businessmen, they will be able to send their goods to other countries from India. But it will be better if such free trade zones are established in Afghanistan,” he told TOLOnews.

Experts say free trade zones provide more facilities for investors as they will not have to deal with taxes and customs issues if they operate in such zones.

Sergey Kwan

TCA