Friday, 03 May 2002

U.S. RESTORES AFGHAN TRADE PRIVILAGES

Published in News Digest

By empty (5/3/2002 issue of the CACI Analyst)

US President George W Bush has given the order to resume normal trading with Afghanistan after a gap of 16 years. Normal Trade Relations (NTRs) privileges will be applied to imports from Afghanistan when the order takes effect in about a month\'s time. The imports will have the same low-tariff access to US markets as goods from all but a handful of countries.
US President George W Bush has given the order to resume normal trading with Afghanistan after a gap of 16 years. Normal Trade Relations (NTRs) privileges will be applied to imports from Afghanistan when the order takes effect in about a month\'s time. The imports will have the same low-tariff access to US markets as goods from all but a handful of countries. Mr Bush said that by normalizing trade the US would help to rebuild the south Asian state\'s shattered economy. NTRs were suspended on 31 January 1986 by then-President Ronald Reagan in response to the Soviet occupation of Afghanistan. The suspension remained in effect through the subsequent civil war and rule by the hardline Islamic Taleban, who were ousted last winter by US-led forces. \"I have determined that it is appropriate to restore NTR treatment to the products of Afghanistan,\" said Mr Bush on Friday in a message to the US Congress. \"Restoration of NTR treatment will support US efforts to normalise relations with Afghanistan and facilitate increased trade with the United States, which could contribute to economic growth and assist Afghanistan in rebuilding its economy.\" (BBC)
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