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Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Business and Investment in Afghanistan
Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic
Mariam A. Nawabi Commercial and Trade Counsel (202) 234-3810 [email protected]
Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Background 25 million population Size of Texas Varied climate Rich in natural resources Crossroads of trade and culture in Asia Large populations of Afghan expatriates in U.S, Europe, Pakistan and Iran
Principal Markets and Trading Partners Pakistan - Korea - India - Germany - UAE - Japan - United States -
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
From Humanitarian Aid to Economic Development
Private Sector’s Role in Development
•
$4.5 billion pledged at the January 2002 Tokyo Donors Conference for 5 years, mostly spent on emergency assistance
•
$8.2 billion pledged at the March 2004 Berlin Donors Conference
•
Goal of Afghan Government is to leverage donor aid on trade, investment and the promotion of private sector
•
Lending facilities and guarantee facilities a priority
•
Capacity building of local private sector
•
Government has expressed its intent on being a policy maker and manager, not an implementer, of projects.
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Private Sector’s Private RoleSector is engine for growth and sustainable development
Private Sector’s Role in Development
•
Afghan Government
•
Business can have a significant impact on the development of Afghanistan
•
The most important role of business in post-conflict Afghanistan is that of an investor
•
Business investment provides the jobs, the economic development and the hope allowing Afghanistan to break out of the circle of conflict and poverty
•
Partnerships with local companies are vital to long-term success and growth
•
With the growth of business and economic activity, Afghans can gradually sustain themselves and need for humanitarian aid will be reduced
•
It can move the country from assistance dependency to sustainable development.
Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Ministry of Commerce Institutions www.commerce.gov.af
Afghan Government Institutions Legal and Regulatory
Ministry of Finance
www.mof.gov.af
Environment
Central Bank
Trade and Transit
Afghan Investment Support Agency (AISA)
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
www.aisa.org.af
Afghanistan Reconstruction Development Service (ARDS) http://www.afghanistangov.org/aaca/procurement/
Guiding Documents New Constitution http://www.constitution-afg.com/resrouces/Draft.Constitution.pdf National Development Framework Budget (www.af) Securing Afghanistan’s Future (www.afghanistangov.org/recosting) 2004 World Bank Country Economic Report The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Legal and Regulatory Environment
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Commercial Code of 1955 Civil Code of 1976 Central Bank Law Commercial Banking Law of 2003 • Issuance of banking licenses in Sept. 2003. Five foreign banks operational (Standard Chartered, Afghanistan International Bank, National Bank of Pakistan, Habib Bank, Punjab Bank)
Law on Domestic and Foreign Private Investment of 2002 • Liberal, 100% foreign ownership, most areas open, protection from expropriation.
Foreign Entity Recognition • Registration, not reincorporation
Corporation and Partnership Law • Part of existing Commercial and Civil Codes. Reforms to these provisions underway.
Arbitration • Arbitration between parties is recognized by existing Commercial Code. Foreign investment law allows for arbitration.
Land Titling and Property • USAID has funded a project that would improve land titling and registration system. The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Trade and Transit Agreements
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Trade and Investment Framework Agreement •
United States
Transit Agreements • • • • •
Iran India Pakistan Uzbekistan Turkey
Trade and Transit
Trade Agreements
Trade Conferences
• •
and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Iran India
Trade Preference and Concessionary Agreements • • • • • •
USA India Canada Japan EU Iran
Memoranda of Understanding • • •
England Germany Iran (Chabahar) The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Trade Conferences and Missions
Private Sector’s Role in Development
US Trade and Business Mission Afghan Government Institutions Legal and Regulatory Environment
Berlin Conference Economic Cooperation Organization
Trade and Transit Trade Conferences
Afghanistan Development Forum
and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Asian Development Bank Annual Meeting 2nd US Trade and Business Mission
Major Achievements
International Business Exhibition
Reasons to Invest
Upcoming U.S. Dept. of Commerce Mission
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Chambers of Commerce and Industry
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Afghanistan Chamber of Commerce & Industries Contact: [email protected]
The Afghanistan Traders & Industrialists Center Contact: [email protected]
Afghanistan International Chamber of Commerce Contact: [email protected]
Afghan-American Chamber of Commerce Contact: www.a-acc.com
Afghan Chamber of Commerce Contact: www.afghanchamber.com
Local chambers in most major cities in Afghanistan: Herat, Mazar-e-Sharif, Kandahar
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Government Reforms • • • •
Trade and Transit
AISA: Afghan Investment Support Agency “One Stop Shop for All Investors”: registration, licensing, promotion of new investments ARDS: Afghanistan Reconstruction and Development Service Procurement of Afghan Government funded projects using internationally recognized procurement regulations
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Principles of a free market economy in the new Constitution Growth of the private sector is a high priority Focus on removing obstacles to private sector development New government agencies that provide foundation to investment
•
Ministries of Commerce and Finance, the ministries with primary responsibility in this area, have enacted reforms to reduce bureaucracy. The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Government Reforms (cont)
• A major part of the reconstruction plan has been connecting the nation to neighboring countries to make it a key transit point in the region. • Plans to privatize state-owned enterprises and industries • Working with USAID to establish 3 new industrial parks Water, power, electric
• Creating and enforcing international standards: National Bureau of Standards and Norms, Ministry of Commerce
Major Achievements
• Entrepreneurship Development Office for Afghan Women Reasons to Invest
Afghan Women’s Business Association Training Programs; Exhibitions The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Positive Economic Developments • Rapid economic growth over the past three years. 30% growth in 2002 23% growth in 2003 Baseline is low, but given the destruction of infrastructure and institutions, remarkable
• Many international institutions involved in the reconstruction process Trade and Transit Trade Conferences and Missions
• Foreign direct investment increasing
Chambers of Commerce
• USAID, World Bank, ADB and other institutions offer contracting opportunities for US companies
Government Reforms
• Loans for investments available through the IFC and OPIC
Positive Economic Developments Major Achievements Reasons to Invest
• Political risk insurance available through OPIC and MIGA • First venture capital fund was announced this year, Afghanistan Capital Partners • Strong local interest in business and trade AICC elections The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Major Achievements New Currency
Afghan Government
•1 USD = 47 Afs
Institutions Environment
Banking Reform and Licensing
Trade and Transit
Infrastructure Improvements
Legal and Regulatory
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
• Roads • Communications • Electricity • Transit
Bilateral Trade and Transit Agreements
Major Achievements
Trade Preference and Concessionary Agreements
Reasons to Invest
Institutional Reform
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Reasons to Invest in Afghanistan • One of the lowest custom tariffs in the region • Low tax rates • Freely exchangeable currency with remarkable stability ($1 for 47 Afghanis)
Trade and Transit Trade Conferences and Missions
• Liberal investment law in 2002 that allows 100% foreign ownership, full transferability of profits outside the country
Chambers of Commerce
• Mineral resources, agricultural raw materials abundant
Government Reforms
• Location of Afghanistan: gateway to investment in Central Asia, a
Positive Economic Developments Major Achievements Reasons to Invest
market of 150 million • Your investment is not only a business venture, but also an investment in regional and world stability
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Business and Investment •Opportunities Agriculture • • • • • • • •
Architectural, construction and engineering services Business Services Civil Aviation Consulting Construction Materials Consumer Goods Education services Energy
• • • • • • • • • • • • •
Equipment and machinery sales and leasing Food processing and packaging Irrigation technology Leather and leather processing Manufacturing Marble and other industrial stones Mining Precious and semi-precious stones Telecommunications Textiles and carpets Transportation Water Supply Waste Treatment
Power generation and transmission Oil and gas exploration
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Recent Private Investments Afghan Wireless
•TSI (NJ); $150 million
Roshan Wireless Afghan Government Institutions Legal and Regulatory Environment
•Alcatel and Aga Khan
Hyatt Hotel
• Afghanistan Reconstruction Company (NY) and OPIC; $40 million
Kabul Serena
• IFC and Aga Khan; $27 million
Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Coca-Cola Bottling Plant
• Habib Gulzar International (Afghan); $25 million
Olive Factory
• Jalalabad
Electronic Plant • Herat
Swiss Skies
•Berkeley Aviation (MD); $10 million
Major Achievements
GroupSat
Reasons to Invest
Kabul Business Center
•Unisource (AZ); $38 million
Intercontinental Five Star Hotel The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Funding and Insurance Sources
Private Sector’s Role in Development
Afghan Government
•
Afghan Government www.af
•
Multilateral Institutions
Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences
•
Chambers of Commerce Government Reforms
•
Major Achievements Reasons to Invest
• • • •
World Bank www.worldbank.org Asian Development Bank www.adb.org United Nations www.devbusiness.com International Finance Corporation www.ifc.org Multilateral Investment Guarantee Agency www.miga.org
Agency for International Development www.usaid.gov Overseas Private Investment Corporation www.opic.gov State Department www.state.gov Department of Defense www.defenselink.mil
Other Government Funding
Developments
National Development Budget www.af/mof/budget/ ARDS www.af/aaca/procurement
US Government
and Missions
Positive Economic
DFID (UK) www.dfid.gov.uk CIDA (Canada) www.acdi-cida.gc.ca
Nonprofit Organizations Foundations Venture Capital Private Sector The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Challenges
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit
• • • • • •
Security Narcotics Administrative Capacity Lack of information Logistics Corruption
Trade Conferences and Missions
Overcoming Challenges
Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
• • • • •
Planning Patience Creativity Local partnerships Long-term vision The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce
Thank You
Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Afghan Government Institutions Legal and Regulatory Environment
Business and Investment in Afghanistan
Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic
Mariam A. Nawabi Commercial and Trade Counsel (202) 234-3810 [email protected]
Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Background 25 million population Size of Texas Varied climate Rich in natural resources Crossroads of trade and culture in Asia Large populations of Afghan expatriates in U.S, Europe, Pakistan and Iran
Principal Markets and Trading Partners Pakistan - Korea - India - Germany - UAE - Japan - United States -
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
From Humanitarian Aid to Economic Development
Private Sector’s Role in Development
•
$4.5 billion pledged at the January 2002 Tokyo Donors Conference for 5 years, mostly spent on emergency assistance
•
$8.2 billion pledged at the March 2004 Berlin Donors Conference
•
Goal of Afghan Government is to leverage donor aid on trade, investment and the promotion of private sector
•
Lending facilities and guarantee facilities a priority
•
Capacity building of local private sector
•
Government has expressed its intent on being a policy maker and manager, not an implementer, of projects.
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Private Sector’s Private RoleSector is engine for growth and sustainable development
Private Sector’s Role in Development
•
Afghan Government
•
Business can have a significant impact on the development of Afghanistan
•
The most important role of business in post-conflict Afghanistan is that of an investor
•
Business investment provides the jobs, the economic development and the hope allowing Afghanistan to break out of the circle of conflict and poverty
•
Partnerships with local companies are vital to long-term success and growth
•
With the growth of business and economic activity, Afghans can gradually sustain themselves and need for humanitarian aid will be reduced
•
It can move the country from assistance dependency to sustainable development.
Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Ministry of Commerce Institutions www.commerce.gov.af
Afghan Government Institutions Legal and Regulatory
Ministry of Finance
www.mof.gov.af
Environment
Central Bank
Trade and Transit
Afghan Investment Support Agency (AISA)
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
www.aisa.org.af
Afghanistan Reconstruction Development Service (ARDS) http://www.afghanistangov.org/aaca/procurement/
Guiding Documents New Constitution http://www.constitution-afg.com/resrouces/Draft.Constitution.pdf National Development Framework Budget (www.af) Securing Afghanistan’s Future (www.afghanistangov.org/recosting) 2004 World Bank Country Economic Report The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Legal and Regulatory Environment
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Commercial Code of 1955 Civil Code of 1976 Central Bank Law Commercial Banking Law of 2003 • Issuance of banking licenses in Sept. 2003. Five foreign banks operational (Standard Chartered, Afghanistan International Bank, National Bank of Pakistan, Habib Bank, Punjab Bank)
Law on Domestic and Foreign Private Investment of 2002 • Liberal, 100% foreign ownership, most areas open, protection from expropriation.
Foreign Entity Recognition • Registration, not reincorporation
Corporation and Partnership Law • Part of existing Commercial and Civil Codes. Reforms to these provisions underway.
Arbitration • Arbitration between parties is recognized by existing Commercial Code. Foreign investment law allows for arbitration.
Land Titling and Property • USAID has funded a project that would improve land titling and registration system. The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Trade and Transit Agreements
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Trade and Investment Framework Agreement •
United States
Transit Agreements • • • • •
Iran India Pakistan Uzbekistan Turkey
Trade and Transit
Trade Agreements
Trade Conferences
• •
and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Iran India
Trade Preference and Concessionary Agreements • • • • • •
USA India Canada Japan EU Iran
Memoranda of Understanding • • •
England Germany Iran (Chabahar) The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Trade Conferences and Missions
Private Sector’s Role in Development
US Trade and Business Mission Afghan Government Institutions Legal and Regulatory Environment
Berlin Conference Economic Cooperation Organization
Trade and Transit Trade Conferences
Afghanistan Development Forum
and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Asian Development Bank Annual Meeting 2nd US Trade and Business Mission
Major Achievements
International Business Exhibition
Reasons to Invest
Upcoming U.S. Dept. of Commerce Mission
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Chambers of Commerce and Industry
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Afghanistan Chamber of Commerce & Industries Contact: [email protected]
The Afghanistan Traders & Industrialists Center Contact: [email protected]
Afghanistan International Chamber of Commerce Contact: [email protected]
Afghan-American Chamber of Commerce Contact: www.a-acc.com
Afghan Chamber of Commerce Contact: www.afghanchamber.com
Local chambers in most major cities in Afghanistan: Herat, Mazar-e-Sharif, Kandahar
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Government Reforms • • • •
Trade and Transit
AISA: Afghan Investment Support Agency “One Stop Shop for All Investors”: registration, licensing, promotion of new investments ARDS: Afghanistan Reconstruction and Development Service Procurement of Afghan Government funded projects using internationally recognized procurement regulations
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Principles of a free market economy in the new Constitution Growth of the private sector is a high priority Focus on removing obstacles to private sector development New government agencies that provide foundation to investment
•
Ministries of Commerce and Finance, the ministries with primary responsibility in this area, have enacted reforms to reduce bureaucracy. The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Government Reforms (cont)
• A major part of the reconstruction plan has been connecting the nation to neighboring countries to make it a key transit point in the region. • Plans to privatize state-owned enterprises and industries • Working with USAID to establish 3 new industrial parks Water, power, electric
• Creating and enforcing international standards: National Bureau of Standards and Norms, Ministry of Commerce
Major Achievements
• Entrepreneurship Development Office for Afghan Women Reasons to Invest
Afghan Women’s Business Association Training Programs; Exhibitions The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Positive Economic Developments • Rapid economic growth over the past three years. 30% growth in 2002 23% growth in 2003 Baseline is low, but given the destruction of infrastructure and institutions, remarkable
• Many international institutions involved in the reconstruction process Trade and Transit Trade Conferences and Missions
• Foreign direct investment increasing
Chambers of Commerce
• USAID, World Bank, ADB and other institutions offer contracting opportunities for US companies
Government Reforms
• Loans for investments available through the IFC and OPIC
Positive Economic Developments Major Achievements Reasons to Invest
• Political risk insurance available through OPIC and MIGA • First venture capital fund was announced this year, Afghanistan Capital Partners • Strong local interest in business and trade AICC elections The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Major Achievements New Currency
Afghan Government
•1 USD = 47 Afs
Institutions Environment
Banking Reform and Licensing
Trade and Transit
Infrastructure Improvements
Legal and Regulatory
Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
• Roads • Communications • Electricity • Transit
Bilateral Trade and Transit Agreements
Major Achievements
Trade Preference and Concessionary Agreements
Reasons to Invest
Institutional Reform
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment
Reasons to Invest in Afghanistan • One of the lowest custom tariffs in the region • Low tax rates • Freely exchangeable currency with remarkable stability ($1 for 47 Afghanis)
Trade and Transit Trade Conferences and Missions
• Liberal investment law in 2002 that allows 100% foreign ownership, full transferability of profits outside the country
Chambers of Commerce
• Mineral resources, agricultural raw materials abundant
Government Reforms
• Location of Afghanistan: gateway to investment in Central Asia, a
Positive Economic Developments Major Achievements Reasons to Invest
market of 150 million • Your investment is not only a business venture, but also an investment in regional and world stability
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
Business and Investment •Opportunities Agriculture • • • • • • • •
Architectural, construction and engineering services Business Services Civil Aviation Consulting Construction Materials Consumer Goods Education services Energy
• • • • • • • • • • • • •
Equipment and machinery sales and leasing Food processing and packaging Irrigation technology Leather and leather processing Manufacturing Marble and other industrial stones Mining Precious and semi-precious stones Telecommunications Textiles and carpets Transportation Water Supply Waste Treatment
Power generation and transmission Oil and gas exploration
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Recent Private Investments Afghan Wireless
•TSI (NJ); $150 million
Roshan Wireless Afghan Government Institutions Legal and Regulatory Environment
•Alcatel and Aga Khan
Hyatt Hotel
• Afghanistan Reconstruction Company (NY) and OPIC; $40 million
Kabul Serena
• IFC and Aga Khan; $27 million
Trade and Transit Trade Conferences and Missions Chambers of Commerce Government Reforms Positive Economic Developments
Coca-Cola Bottling Plant
• Habib Gulzar International (Afghan); $25 million
Olive Factory
• Jalalabad
Electronic Plant • Herat
Swiss Skies
•Berkeley Aviation (MD); $10 million
Major Achievements
GroupSat
Reasons to Invest
Kabul Business Center
•Unisource (AZ); $38 million
Intercontinental Five Star Hotel The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Funding and Insurance Sources
Private Sector’s Role in Development
Afghan Government
•
Afghan Government www.af
•
Multilateral Institutions
Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences
•
Chambers of Commerce Government Reforms
•
Major Achievements Reasons to Invest
• • • •
World Bank www.worldbank.org Asian Development Bank www.adb.org United Nations www.devbusiness.com International Finance Corporation www.ifc.org Multilateral Investment Guarantee Agency www.miga.org
Agency for International Development www.usaid.gov Overseas Private Investment Corporation www.opic.gov State Department www.state.gov Department of Defense www.defenselink.mil
Other Government Funding
Developments
National Development Budget www.af/mof/budget/ ARDS www.af/aaca/procurement
US Government
and Missions
Positive Economic
DFID (UK) www.dfid.gov.uk CIDA (Canada) www.acdi-cida.gc.ca
Nonprofit Organizations Foundations Venture Capital Private Sector The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development
Challenges
Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit
• • • • • •
Security Narcotics Administrative Capacity Lack of information Logistics Corruption
Trade Conferences and Missions
Overcoming Challenges
Chambers of Commerce Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
• • • • •
Planning Patience Creativity Local partnerships Long-term vision The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
Background From Aid to Development Private Sector’s Role in Development
Afghan Government Institutions Legal and Regulatory Environment Trade and Transit Trade Conferences and Missions Chambers of Commerce
Thank You
Government Reforms Positive Economic Developments Major Achievements Reasons to Invest
The Embassy of Afghanistan • 2341 Wyoming Ave., NW • Washington, DC 20008
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