BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Wednesday, 6 November, 2002, 12:38 GMT
Afghanistan woos businesses home
Ruins in Kabul
Is trade the key to rebuilding the economy?
Afghanistan is considering setting up conferences in Dubai and Chicago to woo expatriate Afghan businessmen back home.

News of the scheme came after a meeting between Afghan's president Hamid Karzai and US under secretary for economic affairs, Alan Larson.

Last month, Mr Karzai's tour of the Arab Gulf states to appeal for more help in restoring his country's shattered economy was unexpectedly called short.

Mr Larson is touring Afghanistan, Pakistan and India in order to help boost trade and investment relations, and discuss ways of increasing private-sector investment.

Following his meetings in Pakistan, Mr Larson stressed that trade will be the engine for growth in the next stage of the region's development.

Aid shortfall

"Trade within this region is a very, very powerful force that can be tied not only to the economy in Afghanistan but also the economy here [Pakistan]," he said.

Export duties on cross-border trade from Afghanistan have been abolished recently in order to try and boost business.

The rebuilding of Afghanistan's economy after last year's US strikes and 10 years of civil war is progressing slowly.

Mr Larson said that he saw evidence of progress but the rebuilding process needed to happen more quickly.

Afghanistan is still facing a massive shortfall in funding for vital reconstruction projects, after pledged aid from western countries has failed to materialise.

See also:

02 Sep 02 | September 11 one year on
21 Jan 02 | Business
05 Nov 02 | South Asia
05 Nov 02 | South Asia
04 Nov 02 | South Asia
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes