Afghanistan and Turkmenistan have reached a preliminary agreement on taxation aimed at increasing investments, developing cooperation, and optimizing national and international trade

Kabul

Afghanistan and Turkmenistan have reached a preliminary agreement on taxation aimed at increasing investments, developing cooperation, and optimizing national and international trade, reports Orient.

According to the Afghan Ministry of Finance, the initial consultations between the department and the Turkmenistan delegation took place in Kabul, and another meeting of high-ranking representatives of tax authorities from both countries will be held in the near future.

The ministry added that the negotiations focused on avoiding double taxation, expanding trade relations, increasing investments, and preventing tax evasion, as well as resolving customs issues. The discussions held in Kabul marked a significant step toward strengthening the economic and trade relations between the two countries.

Meanwhile, Afghan businesses are witnessing an increase in trade turnover between Afghanistan and Turkmenistan at the Aqina port and are urging local authorities to expand its capacity, as reported by TOLOnews.

The Afghan Ministry of Industry and Trade also reported that the trade volume between Afghanistan and Turkmenistan last year amounted to $481 million. This includes approximately $3 million in exports and $477 million in imports, with Turkmen electricity and oil and gas products forming the basis of the trade.

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