Afghanistan Slashes Customs Tariffs For Goods To India
The Ministry of Finance in turn said Afghan-Indian trade relations are improving, and that the ministry is working on further joint initiatives with India’s Ministry of Finance.
The ministry said for goods going to India, exporters benefit from a 97 percent discount on customs duties – which is proving to be a huge incentive to growing the export market to India.
The ACCI meanwhile said India is also trying to reduce airport taxes for goods being exported to Afghanistan.
ACCI deputy chief Khan Jan Alkozai said: “Currently, most of the 41 products being exported to India are not charged customs duties and the Indian government is trying to reduce customs tariffs on their side.”
On the other hand, the ministry of finance said it is working on specific programs to improve trade and customs agreements with India.
“We are trying to work with India for better business relations, especially in the customs sector,” said Abadullah Darman spokesman for the ministry of finance.
Currently, the annual trade volume between Afghanistan and India is valued at over $1 billion.
The ACCI says that with the development of trade between Afghanistan and India through Iran’s Chabahar port will also increase trade volume, which will hopefully rise to over $2 billion a year.