The Kabul times, Afghanistan Trustable News Agency.
NationalReport

Afghanistan to carry out its entire trade with China through Wakhan Corridor

With the re-establishment of the Islamic Emirate of Afghanistan (IEA) and the improvement of the overall security situation in Afghanistan, trade relations have increased considerably between Afghanistan and countries in the region, particularly China. Afghanistan wants to increase its trade relations with China; therefore, the Islamic Emirate has started construction work on Wakhan Corridor, extending from the Wakhan district of Badakhshan to the Chinese border. With the opening and completion of this route, Afghanistan and China will get direct access to each other’s markets. This can reduce the distance and further lower the cost of the imports and exports of commercial goods between the two countries. With the opening and completion of the Wakhan Corridor, trade and bilateral relations between Afghanistan and China, considered as important and beneficial for both countries, will further increase. It has been reported that the Afghan and Chinese governments have already started talks over the commencement of traffic through the Wakhan Corridor, a narrow strip of territory in northeastern Badakhshan stretching 350 km to China. The construction of the road that directly links the two countries is considered as significant as it can somehow reduce Afghanistan’s reliance on some regional countries for transit trade. In 2022, China’s exports to Afghanistan reached $ 550.13 million, while Afghanistan’s exports to China reached $40.02 million. Also, according to the existing estimates of trade between Afghanistan and China, the volume of bilateral trade between the two countries in 2023 was $1.3 billion. There are hopes that the road will be opened for transit trade as construction work is seriously underway. The direct access of Afghanistan to China through this road will enable Afghanistan to carry out its entire trade of over $1.3 billion with China through this route. In the meantime, the opening of this route will also be beneficial to China as it can further export its products to Afghanistan and other markets in the region. With the opening and completion of this road, China will become Afghanistan’s main trading partner comparing to other partners in the region. The current trend of increasing the amount of bilateral trade between the two countries shows a growing trend compared to other neighbors. With this, trade via the Wakhan Corridor will speed up the economy between the two countries. The construction of this road will also benefit other countries as Tajikistan, Uzbekistan, Iran and Pakistan as it creates a significant opportunity for increasing trade and economic activity in the region. This route can further facilitate the trade of various commercial goods between the respective countries. Statistics show that in the past two and half years, Afghanistan’s economic and trade relations with all countries in the region have been expanding for the past two and half years. There are hopes that with the opening and completion of the Wakhan Corridor, the exports and imports of commercial goods between Afghanistan and countries in the region will further increase. Mashal Noori

Related posts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Kabul times, Afghanistan Trustable News Agency.