
"Relations between Pakistan and Afghanistan have hit a historic low in recent months, after deadly cross-border clashes that left dozens of people killed. Important trade routes like Torkham and Chaman have since been closed. This has crippled trade, spiked prices and deepened the rift. The closure of Pakistan's border crossings with Afghanistan has also triggered a significant realignment in regional trade patterns, with India emerging as the primary beneficiary."
"Bilateral commerce grew by 25% in the fiscal year 2024-25, reaching nearly $2 billion (1.88 billion), according to multiple media reports in both countries. But with the border closures and military tensions, that has fallen to around $1 billion, Khan Jan Alokozay, a board member of Afghanistan's Chamber of Commerce, told Amu TV. It is a hugely impactful loss for a country whose exports were worth $992 million, and exports totaled $5.76 billion in 2022, according to the World Trade Organisation (WTO)."
Cross-border clashes and the closure of key crossings like Torkham and Chaman have drastically reduced Pakistan-Afghanistan trade, halving bilateral commerce from about $1.88 billion to roughly $1 billion. The disruption has crippled trade, spiked prices and deepened bilateral tensions. Afghanistan's exports and overall trade have been severely impacted, with exports previously valued at $992 million and total exports $5.76 billion in 2022. Afghanistan is actively seeking alternative routes and has engaged India to expand cargo flights, appoint trade attaches, negotiate tariff reductions and target a $1 billion bilateral trade goal.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]