Taliban signs $25 million cotton thread export deal with Chinese firm

KABUL, Afghanistan — Taliban on Thursday signed a $25 million contract with a Chinese company on Thursday for the export of cotton thread.

The Taliban-run Ministry of Commerce announced that the agreement was made between the Afghan Golden Cotton Company and the Shanghai Khuban Textile Company. According to the ministry, the contract involves the export of 10,000 tons of cotton thread to China.

The signing took place during a ceremony in Kabul celebrating National Export Day.

Taliban officials have consistently urged local investors to channel their investments into Afghanistan. However, the private sector faces significant challenges, including banking restrictions, high tariffs, and steep taxes.

In related developments, the Taliban appointed Noor Ahmad Agha, a sanctioned Taliban member, as the governor of Afghanistan’s Central Bank last week.