Kabul [Afghanistan], February 12 (ANI): Afghanistan and Japan’s commerce reached $97 million final 12 months, regardless of the absence of direct Japanese funding within the nation, reported Tolo News.
Kenichi Masamoto, Japan’s ambassador to Afghanistan, divulged that though Japan has not made investments in Afghanistan, commerce exists between Kabul and Tokyo and a big portion of Japan’s commerce with Afghanistan is oblique and performed via third nations.
‘At current, we don’t see direct Japanese funding in Afghanistan, however we do have commerce. We export equipment and equipment elements. Direct commerce is restricted; nonetheless, some Japanese autos and their spare elements enter Afghanistan via third nations. Therefore, commerce exists, and there may be additionally bigger oblique commerce happening,’ stated Japan’s ambassador.
Japan exports equipment and elements to Afghanistan, largely via third nations. Afghan exports to Japan embrace medicinal crops, dried fruits, and nuts, whereas imports embrace autos, equipment, and spare elements.
The Ministry of Industry and Commerce of the Islamic Emirate of Afghanistan reported that commerce quantity between Afghanistan and Japan reached $97 million final 12 months, of which $2 million was exports and $95 million was imports, reported Tolo News.
Akhundzada Abdul Salam Jawad, spokesperson for the Ministry of Industry and Commerce, stated: ‘The essential export gadgets to Japan embrace medicinal crops, raisins, dried figs, pistachio kernels, recent fruits, almond kernels, and dried apricots. The essential imports from Japan embrace bikes, high-speed autos, tyres and tubes, automobile spare elements, and bicycles.’
Economic analysts counsel Afghanistan ought to leverage alternatives to draw Japanese funding, significantly in expertise, infrastructure, and vitality. Japan can help in expertise switch, manufacturing requirements, and industrial capability constructing.
Ahmad Ferdous Behgozin, an financial analyst, stated, ‘Japan can help Afghanistan in expertise switch, enhancing manufacturing requirements, and strengthening industrial capability. On the opposite hand, commerce relations with Japan ship a message to the world that Afghanistan seeks constructive and balanced engagement.’
Afghanistan trades with over 80 nations globally, with Japan being a key companion.
Another financial analyst, Shakir Yaqoubi, stated: ‘Considering the longer term pathways for our nation, establishing a structured and well-managed relationship with Japan may very well be extremely vital, significantly in infrastructure, vitality sectors, training, and expertise, the place Japan can play a really efficient position.’ (ANI)