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Uzbekistan, Afghanistan to sign trade agreement this year


(Last Updated On: May 27, 2021)
Uzbekistan and Afghanistan will sign an agreement on preferential trade by the end of the year to substantially increase trade turnover in the coming years, the Uzbek Ministry of Investments and Foreign Trade said Wednesday, Xinhua News reported.
This agreement is expected to help Afghanistan and Uzbekistan increase trade turnover between the two countries from the current $800 million to $2 billion annually, ministry officials said.
According to Xinhua, this was agreed to during talks between Uzbek Deputy Prime Minister Sardor Umurzakov and head of the Afghan Presidential Administration Mohammad Shakir Kargar in Termez city in Uzbekistan.
Xinhua reported that Uzbekistan also said it welcomes Afghan entrepreneurs to do business in the free trade zone known as “Termez International Trade Center” which is located on the border with Afghanistan. ....

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​​​​​​​USAID Contributes Over $23M in Grant Loans for Farmers


 
The Ministry of Agriculture, Irrigation and Livestock announced on Monday that it is set to grant loans to 7 thousand Afghan farmers in the current solar year through the Agricultural Development Fund (ADF), a program lead and financed by the United States.
The United States Agency for International Development (USAID) has invested over 1 billion and 800 million Afs in the ADF, for the current solar year.
The process to receive applications for receiving loans has been started and will continue until the end of the solar year, MAIL said.
“The Agriculture Development Fund is planned to grant 1.8 billion Afs (over $23M) in loans to over 7 thousand farmers in the current year (1400),” said Akbar Rustami, MAIL spokesman. He added, “The loan distribution process has begun since the beginning of the fiscal year.” ....

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