Breaking: Taliban suspended all imports and exports with India | Details Here

The Taliban suspended all imports and exports with India after entering Kabul and taking control of the country on Sunday.

Dr. Ajay Sahi, Director General of Federation of Indian Export Organization (FIEO) told ANI that for the time being, the Taliban have stopped the movement of goods through transit routes in Pakistan, thus halting imports from the country.

“We are closely monitoring developments in Afghanistan. The imports come from there via the Pakistan transit route. So far, the Taliban has stopped shipping movement to Pakistan, so the imports have almost stopped,” FIEO DG told ANI.

India has long-standing relations with Afghanistan, especially in the area of ​​trade. India has big investments in Afghanistan. “In fact, we are one of Afghanistan’s largest partners, and our exports to Afghanistan are about 835 million US dollars for 2021. We have imported goods worth about 510 million US dollars.

But besides trade, we have huge investments in Afghanistan. Sahai said: We have invested about 3 billion US dollars in Afghanistan and there are 400 individual projects in Afghanistan, some of which are currently underway. good now. Some of the goods are passing through Dubai Road and it is working as well.”

Sahi said India has healthy trade relations with Afghanistan. Currently, India’s export profile includes sugar, pharmaceuticals, clothing, tea and coffee, spices and transport towers. “Imports are related and depend largely on dry fruits. We also import a little bit of chewing gum and onions from them,” FIEO DG said.

Despite the rapid development of the situation in Afghanistan, FIEO DG is optimistic and optimistic about trade relations with Afghanistan. “I am sure that within a period of time Afghanistan will realize that economic development is the only way forward and that they will continue this kind of trade. I think the new regime will want to have political legitimacy and for this role of India it will become important to them as well.”

The Federation of Indian Export Organization has expressed concern that prices of dry fruits may rise in the coming days due to the unrest in Afghanistan. India imports about 85 percent of its dried fruits from Afghanistan. “I will say that this may not directly affect prices but the fact that one of the sources of import no longer exists, does not rule out speculation on price increases,” Sahi said.