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Afghan government lauds WTO membership

in Afghan Business

Afghan government lauds WTO membership

Afghan Ministry of Commerce and Industries (MoCI) has termed accession to the World Trade Organization (WTO) critical for Afghanistan’s development and trade ties with the international community.

The application materials for membership to WTO have been submitted to President Ashraf Ghani for approval.

The Ministry is optimistic that WTO membership would enable Afghanistan to address its transit issues with the neighboring countries and find access to alternative trade routes.

Afghanistan would also enjoy the benefit of a higher tariff of 2.5% on imported products as per the WTO terms and conditions and also tariff concessions from China, India, the United States and the European Union.

MoCI Deputy Minister Muzammil Shenwari said the WTO membership would attract investment as it would provide confidence to local and international investors to invest in Afghanistan.

While the government is on full swing for the membership to happen, a number of industrialists doubt the membership would do any good to Afghanistan.

They have said the government should first work on strengthening domestic industries.

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