Afghanistan situation to impact trade with India, according to exporters

Published 2021년 8월 16일

Tridge summary

The fall of Kabul to the Taliban is expected to significantly impact bilateral trade between Afghanistan and India, leading to a decrease in exports and imports. Exporters have been urged to exercise caution and consider the political developments in Afghanistan, with some predicting a complete trade standstill due to disrupted air routes. India's aid to Afghanistan and the uncertainty it brings are expected to halt the market for domestic products. Private players may now need to export through third countries. The trade standstill and disruption of air routes could lead to a resumption of trade only after the current uncertainty subsides.

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Original content

With Kabul falling into the hands of the Taliban, bilateral trade between Afghanistan and India will get impacted significantly in these uncertain times, according to exporters.Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said domestic exporters should follow caution looking into the political development in Afghanistan, particularly with regard to payments, for which adequate credit insurance may be availed by them.“The trade will be impacted. It would reduce due to the growing uncertainty in Afghanistan,” he said on Monday.Former FIEO president and country’s leading exporter S K Saraf too said there will be a significant fall in the bilateral trade.“We may not lose all because they need our products,” Saraf said.Afghanistan stares at an uncertain future as President Ashraf Ghani left the country just before Kabul fell into the hands of the Taliban on Sunday.Sharing similar views, FIEO Vice-President Khalid Khan stated there would be a complete ...

Source: Financialexpress