According to the Ministry of Foreign Affairs of Afghanistan, member countries of the International Chamber of Commerce (“ICC”), in their two hundred and fifth annual meeting on June 15, 2016 in Sao Paulo, Brazil, enacted to inaugurate a branch office of (“ICC”) in Afghanistan.
While sending its letter of accreditation and congratulations to the Ministry of Foreign Affairs of Afghanistan, the (“ICC”) announced its readiness regarding its ever-increasing commercial cooperation, and private investment in Afghanistan.
Due to the inauguration of the branch office of this credible international body, the cooperation between private sectors of, and commercial relations between Afghanistan and other countries will substantially improve.
The (“ICC”) is one of the biggest international commercial institution with 6.5 million members from 130 countries. It is the (“ICC”) mission to bring economic development through commerce and investment, and to facilitate trade of goods and services in international markets.
(“ICC”) members include, major international corporations, medium and small commercial entities, commercial associations, and regional chambers of commerce. After its inauguration, the (“ICC”) branch in Afghanistan will operate as “ICC Afghanistan. It is worth mentioning that that Afghanistan has been able to obtain membership of important international and regional institutions that operate in commerce and domestic and foreign investments. These institutions include, International Roads Union (“IRU”); TIR; TRASICA; CAREC; SAARC or South Asian Association for Regional Cooperation; ECO; and more recently WTO. These memberships make Afghanistan increasingly ready for commerce and domestic and foreign investment.
Afghanistan is not only one of the most suitable countries for investment as per the criterion provided by the World Bank, the county’s strategic location, its access to major European markets through railroads, provision of standard transit ways, and sources of energy which are the basic preconditions for commerce and investment, are among the fundamental steps taken by the Afghanistan government which in turn made investment in Afghanistan unprecedentedly profitable, and efficient.
In addition to the above, the government of Afghanistan recently officially launched a national program for encouraging foreign direct investment, and thereby once again affirmed its comprehensive and firm support of foreign direct investment in Afghanistan.
Masnad Legal Consultancy – Tax and Investment Law Firm in Afghanistan