The Afghanistan Chamber of Commerce and Industries (ACCI) said currently goods, including carpets, fresh and dried fruits and about 40 other products, are being exported to India at vastly reduced tariffs.
The Afghan Ministry of Finance said that Afghan-Indian trade relations are improving and that the ministry is working on further joint initiatives with India’s Ministry of Finance. The Ministry said that good exported to India benefit from a 97 percent discount on custom duties, which will generate incentive for growth the export market to India.
The ACCI reports that India is also trying to reduce airport taxes for goods to being exported to Afghanistan. Currently, the annual trade volume between Afghanistan and India is valued at over $1 billion.
The ACCI projects that trade volume will increase to $2 billion annually through the development of trade between the two countries through Iran’s Chabahar port.