Afghan commerce minister explains new investment law.

(From BBC Monitoring International Reports)

Afghan Commerce Minister Sayed Mostafa Kazemi has said that the new investment law is aimed at making things easier for domestic and foreign investors. In an interview broadcast on Iranian radio from Mashhad on 3 September, Kazemi said that a foreign investor could have a 100 per cent share in an Afghan enterprise and could lease land from 10 to 30 years. He also said that every investor was exempted from tax for four to nine years. He said a new investment department set up under the Ministry of Commerce, which now had 1,400 foreign and domestic investment projects to consider, would assess 50-70 project daily. The following is the text of the report. Subheads have been inserted editorially:

According to the new investment law of Afghanistan, foreign private investors can make 100 per cent investment in Afghanistan.

Mr [Sayed] Mostafa Kazemi, the commerce minister of Afghanistan, during a conversation told our correspondent that the new investment law of Afghanistan has been issued to make it easier for investors, including domestic and foreign …