India is the largest market for Afghan products in South Asia according to CTI (File)
New Delhi:
A Delhi-based trade association said on Wednesday that regime change in Afghanistan will affect India’s trade relationship with the neighboring country.
The Chamber of Commerce and Industry (CTI) said in a statement that India and Afghanistan had bilateral trade of about “Rs 10,000 crore” in 2020-2021. It includes goods worth Rs 6,000 crore exported from India to Afghanistan, and products worth Rs 3,800 crore imported from Afghanistan to India.
Taliban fighters, who were removed from power in Afghanistan by US-led forces in 2001, have resurfaced and took control of most parts of Afghanistan on August 15, after the government collapsed there and embattled President Ashraf Ghani returned home. fled, as did his fellow citizens.
“In the current situation, bilateral trade between India and Afghanistan will be severely affected because in these circumstances the future is uncertain, people’s shipments are stranded and people’s payments can be stalled on a large scale. The Government of India must immediately inform are of this and a way has to be found,” said CTI chairman Brijesh Goyal.
India is the largest market for Afghan products in South Asia, according to the CTI, importing dry fruits, fruits and medicinal herbs from Afghanistan.
“India mainly exports tea, coffee, cotton, pepper, etc. to Afghanistan,” it noted.
Speaking specifically of the national capital, CTI said that business is conducted annually to the tune of “Rs 1,000 crore” with Afghanistan from here alone.
“Clothing, medicine, medical equipment, auto parts etc. go from Delhi to Afghanistan. Mainly from Chandni Chowk fabric market, women’s suits and cotton kurtas go to Kabul and Kandahar,” it added.
(Except for the headline, this story has not been edited by NewsMadura staff and has been published from a syndicated feed.)
