As the Taliban took control over Kabul after two decades, the trade business between the two countries India and Afghanistan has been severely affected. On Wednesday, the Federation Of Indian Export Organisation(FIEO) said that the Taliban have stopped the trading system. Speaking to media, Dr. Ajay Sahai, Director General of FIEO said that the Taliban have stopped the movement of cargo through the routes of Pakistan thereby hampering and stopping exports and imports between the countries.
"We keep a close watch on developments in Afghanistan. Imports from there come through the transit route of Pakistan. As of now, the Taliban has stopped the movement of cargo to Pakistan, so virtually imports have stopped," said the DG FIEO. Adding further, he said that India is the largest partner of Afghanistan and exported produce of net worth $ 385 million in 2021. India imported goods worth around $510 Million. India also has a considerable investment of around $3 billion along with some 400-old projects, some of which are still undergoing in Afghanistan.
"Some of the goods are exported from international north-south transport corridor route which is fine now. Some of the goods go through the Dubai route also which is working," added Sahai. He further said that India holds a healthy connection with Afghanistan concerning trade. Presently, India exports sugar, pharmaceuticals, apparel, tea, coffee, spices, and transmission towers to Afghanistan. The imports mainly depend upon dry fruits. The Director-General of FIEO further said that India imports a little gum and onions from the country.
The Federation Of Indian Export Organisation(FIEO) has raised concerns over the changing prices of dry fruits in the upcoming days due to the turmoil in Afghanistan. India is importing 85 percent of dry fruits from Afghanistan. "I will say that it may not directly impact the prices but the very fact that one of the sources of import no longer exists, speculation of increase in the process is not ruled out," Sahai added.
Gold Price Updates Today; Check Updated Gold Rates In Your City
IndiGo's UAE bound flights cancelled for a week due to operational issues
