Coming events cast their shadow before: Taliban stops trade with India
Days after complete take over of power, the Taliban has stopped all imports and exports with India. They took control of the entire country on Sunday.
India has had a long-standing relationship with Afghanistan, especially trade. India has a large infrastructural investment in Afghanistan also. Dr Ajay Sahai, Director General (DG) of Federation of Indian Export Organisation (FIEO) said that currently, the Taliban has stopped the movement of cargo through the transit routes of Pakistan, thereby stopping imports from the country.
“We keep a close watch on developments in Afghanistan. Imports from there come through the transit route of Pakistan. As of now, the Taliban has stopped the movement of cargo to Pakistan, so virtually imports have stopped,” FIEO DG said.
“In fact, we are one of the largest partners of Afghanistan and our exports to Afghanistan are worth around USD 835 million for 2021. We imported goods worth around USD 510 Million. But besides the trade, we have a sizeable investment in Afghanistan. We have invested around USD 3 billion in Afghanistan and there are 400-odd projects in Afghanistan some of which are currently going on,” Sahai said.
“…Some of the goods are exported from international north-south transport corridor route which is fine now. Some of the goods go through Dubai route also which is working,” he added.