International Conference On New Opportunities For Investment In Afghanistan

KABUL: (MEP) – An international session under the title of Trade with Afghanistan recently held in New Delhi the capital of India in initiative of that country with participation of 19 countries.

The aim of the session was to assess the existing opportunities for investment in Afghanistan.

BNA analyst on financial issues regarding to this great event in the region writes, Afghanistan due to its huge natural resources, water resources, vast agricultural fields and its geo-political situation can play a great role in development of trade between the countries as a liking point.

However, due to a destructive and bloody war during the last decades severely harmed the opportunities for foreign investment in the country and heavily struck regional cooperation, which is vital for the economic progress of the region, BNA reported.

Therefore, Afghan government understanding the importance of the issue, in close cooperation with international community made its best efforts to provide the opportunity for investment in the country through, creation of facilities, laws on trade and investment amended and bureaucracy on investment and trade removed. These fruitful endeavors caused China this economic giant of the world to invest in greatest world copper mine this is Aynak Copper Mine.

The Americans have also invested in building a five star hotel in Kabul the construction of which is ending. India has already started preparatory work on investment on Hajigak iron mine and wants to invest in this world huge iron mine in the world. China has already invested in several sectors. Likewise many small and big companies from different countries have invested in construction, building roads, agriculture and other sectors. Based on figures release by AISA indicate that  until the end of 2003 , 3504 foreign companies have invested in Afghanistan with the capital of more than 5b dollars.

These endeavors made Afghanistan a successful country in attracting foreign investment in 2003 recent development along with foreign rumours about the consequences after withdrawal of NATO lead international troops from Afghanistan foreign investment is declining in the country.  The propagation made by some countries that Afghanistan will indulge in situation of 199os after withdrawal of international troops, portrayed a horrible picture of the country after 2014.

Fortunately, the Delhi session can end to the mistrusts and rumours of foreign and domestic sources regarding to the years after 2014.  As, Mr.Salman Khorshid the Indian foreign minister, delivering a speech in the session made it clear that Afghanistan was a good opportunity for investment. He asked the investors of his country to go to Afghanistan invest there and obtain great interests.

Dr. Omer Zakhailwal minister of finance explicitly said in the conference that the predictions that Afghanistan would wetness dark days after the pullout of international, troops from the country by the end of 2014 are baseless.  He said presidential elections would held as it was scheduled without facing any problem, foreign troops have already pulled out from most parts of the country and security situation is greatly improved there, the people are equipping with modern technology and enjoying social and economic welfare and tranquility. He emphatically said that Afghanistan security forces have the capability to ensure security and stability in the country and defend the achievements of the last decade.

Therefore, Afghanistan with its special geo-political location, potentially having economic capabilities can play a significant role in boosting economic growth in the region and can play as a bridge in bringing the nations together, so there is no need to fear about the future. Terrorism can be consider as threat for the economic growth of the region but cannot block commercial and economic links among the nations of the region.

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