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Afghanistan To Export $2.2bn Worth of Pine Nuts To China

Afghanistan has signed $2.2 billion worth of contracts with various
Chinese firms for the export of 62,000 tons of line nuts in the next 5
years.
Addressing a press conference in Kabul, Hashmatullah Ghafoori, deputy
minister for irrigation and natural resources, announced that additional
contracts, worth $9 million, have been inked for the export of
pistachio, almond and walnuts.
The exports would be made via land-route from Afghanistan through the Central Asian states to China.
Afghanistan’s largest foreign investor, China has
China has proposed to join hands with Afghanistan in the Belt and Road
Initiative by launching direct flights and cargo train services,
exploring the possibility of cross-boundary railways and optical cables
and extending the China-Pakistan Economic Corridor to Afghanistan.
In March this year, the landmark Kabul Operation Center was launched to
facilitate trade between the two countries, and raise annual bilateral
trade to $2 billion by 2020.
China is one of Afghanistan’s most significant trading partners, and
bilateral trade volume between the two countries reached $544 million in
2017, according to the Chinese ministry of foreign affairs.
The Afghanistan-China Air Corridor was opened in November 2018 to
intensify bilateral trade between the two countries. Afghanistan is
seeking to export pine nuts, the demand for which has increased in the
Chinese market, through the corridor.
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