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Taliban halts Afghanistan’s trade with India through Pakistan – reports — RT Business News

by Gias
August 19, 2021
Reading Time: 2 mins read
0
Taliban halts Afghanistan’s trade with India through Pakistan – reports — RT Business News

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The Taliban has blocked Indian-Afghan transit commerce by Pakistan and shut down two essential buying and selling terminals on the border after seizing energy in Afghanistan on Sunday.

“Taliban have sealed the land-border commerce route and stopped the motion of cargo on the transit route with Pakistan,” the Financial Instances reported on Thursday, citing Ajay Sahai, the director basic of the Federation of Indian Export Organisations (FIEO).



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European aviation watchdog says industrial flights over Afghanistan ought to be suspended


Nevertheless, in response to the FIEO, the Dubai commerce route continues to be working.

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India is Afghanistan’s largest market in South Asia. Indian exports to Afghanistan in 2021 embody prescribed drugs, medical tools, computer systems, cement, attire, and sugar confectionery, amounting to $825 million. Afghanistan’s important exports are fruits, nuts, and vegetable extracts, totaling $509 million in 2021.  

In keeping with Sahai, India hopes the closure is short-term and commerce will probably be restored when the Taliban strikes to determine political legitimacy.

Earlier this week, Taliban spokesman Mohammad Suhail Shaheen mentioned India may nonetheless full its infrastructure tasks in Afghanistan.

“The Taliban don’t thoughts if India continues to work on its infrastructure and reconstruction tasks in Afghanistan as a result of they’re for the individuals,” Shaheen mentioned, as cited by TASS. He warned, nonetheless, that the Taliban won’t cooperate with any state if it plans “to intrude within the affairs of Afghanistan or use its territory for navy functions.”



Additionally on rt.com
The TAPI mission or the way forward for Afghanistan


The Taliban took management of Afghanistan final Sunday, days earlier than the US was to finish its troop withdrawal from the nation. Afghan President Ashraf Ghani and senior management fled to neighboring nations, whereas numerous states have been evacuating their residents and embassy employees.

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Earlier than the Taliban took over, India, Turkmenistan, and Pakistan carried out a joint mission to construct the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gasoline pipeline in Afghanistan to produce the states with Turkmen gasoline. The nations additionally labored on the development of a freeway and railroad connecting Afghanistan with the Iranian port of Chabahar, aimed to facilitate the transit of products by Afghanistan.

For extra tales on financial system & finance go to RT’s enterprise part

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