February 06, 2023

Kabul and Islamabad agree to reduce tariffs on commodities

Kabul and Islamabad agree to reduce tariffs on commodities

KABUL, Jan. 12 – Kabul and Islamabad have agreed to reduce tariffs on commodities in bilateral trade and transit affairs between the two countries, said Pakistani media citing statement of join chamber of commerce of Afghanistan and Pakistan.

Based on the “Preferential Trade Agreement,” Afghanistan will reduce taxes by 60 percent on coals being exported to Pakistan.

The Ministry of Industry and Commerce (MoIC) said the reduction of taxes on five items of fruits and vegetables being imported from Pakistan, has been agreed upon.

Investors said that Pakistan plays an important role in Afghanistan’s trade.

Figures of the Ministry of Industry and Commerce (MoIC) show that over $1 billion worth of commodities has been exported abroad over one last year.

According to the MoIC, $744 million has only been exported to Pakistan during this period.

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