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Underground economy hurdle to free market: Ghani

Underground economy hurdle to free market: Ghani

Nov 09, 2015 - 16:17

KABUL (Pajhwok): President Mohammad Ashraf Ghani has called the underground economy a hurdle to free market, saying Afghanistan was trying to deal with the problem before joining the World Trade Organisation (WTO).

A statement from the Presidential Palace said on Monday Ghani met WTO representatives late on Sunday and called for paving the ground for Afghanistan to acquire the membership of the organisation.

Afghanistan’s membership of the organisation would help unlock business opportunities, bring trade reforms to Afghanistan and motivate the Afghans abroad to invest in their country, the WTO delegates hoped.

Ghani said paving the ground for healthy competition and free market was important. “It is a matter of pleasure the Afghans are busy doing legal businesses, but the criminal economy is still an obstacle to free market.”

He suggested laws and rules regarding free market should keep in view the situation in Afghanistan, whose economic condition remained unsatisfactory. The president said creating export regimes was also important to balance Afghanistan’s trade.

The Afghan government would thoroughly study experiences and advantages of joining WTO, he said, promising elaborate preparations before the country formally became a member of the organisation.



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