Taliban seeks economic self-sufficiency and foreign investment for Afghanistan -minister

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The Taliban administration will encourage self-sufficiency and wants international trade and investment, the acting commerce minister said, as Afghanistan faces isolation and suspension of some humanitarian operations over restrictions on women.

He said that countries including Iran, Russia and China were interested in trade and investment. He said some of the projects under discussion were Chinese industrial parks and thermal power plants, with involvement from Russia and Iran.

An attack on a hotel catering to Chinese businessmen this month, which badly hurt several foreigners, could prompt some to re-think investing, a leading member of the Chinese business community has said.“We do our best for our businessmen to not come to harm. The attack hasn’t had any bad impact, if it happened constantly, yes it might have bad impact,” he said, referring to the investment environment.

He added that foreign investors were showing interest in Afghanistan’s mining sector, which has been valued at more than $1 trillion. He said that an iron mine in western Herat and a lead mine in central Ghor province had seen 40 companies take part in an auction and that the results would be announced soon.He said that a major contract signed with Russia in September for the supply of gas, oil and wheat would see the delivery of the items to Afghanistan in coming days.

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