India-Afghanistan Trade Closed, Taliban Bans Import-Export, Dry Fruits Will be Expensive
The Taliban have sealed the Afghan border with Pakistan, due to which trade relations with India have come to a standstill.
By contentwriteramisha
Trade between India and Afghanistan has come to a standstill as soon as the Taliban took power. That is, neither Indian goods can go to Afghanistan, nor can anything come to India from Afghanistan. The Federation of Indian Export Organizations (FIEO) said on Thursday that the Taliban have closed all transit routes to Pakistan. Because of this all imports and exports from India have stopped. FIEO Director General Ajay Sahai said that the Taliban have sealed their border with Pakistan. Most of the imports from Afghanistan come through the transit route through Pakistan. In such a situation, import-export of millions of dollars has stopped.
FIEO Director General Ajay Sahai told that the Taliban has stopped the movement of goods to Pakistan, so almost all the imports have been stopped. According to FIEO, the prices of dry fruits in India may increase in the near future, as India imports about 85 percent of these items from Afghanistan. On the export side, Sahai said that some goods were being exported through the International North-South Corridor and others were going through the Dubai route. Despite this, he expressed hope that business relations may improve in the coming times.
How much business is done with Afghanistan?
Sahai said, “India-Afghanistan exports were about $835 million in 2021. While we imported goods worth about $510 million. Also, we have a huge investment in Afghanistan. We have about $3 billion in Afghanistan. and has about 400 projects in Afghanistan, some of which are currently underway." Let us tell you that India exports sugar, tea, coffee, spices, and other things, while buys dry fruits, onions, etc. on a large scale.
Prices of dry fruits will increase
After the Taliban occupation in Afghanistan, the business of dry fruits coming to India from there has been badly disrupted. Due to this, the prices of dry fruits in India have increased significantly. This is because of the ongoing standoff in Afghanistan and the reduction in imports. Apart from this, traders have increased the rates due to the fear of their shortage. By the way, it is believed that their prices will continue to increase for the coming few months.
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