The Wolesi Jirga (lower house) of the Afghanistan Parliament approved the new Minerals Law by an overwhelming majority after a year of deliberations.
The new law, which meets best international standards and provides a more conducive and attractive environment for investors, was part of Afghanistan’s Tokyo Mutual Accountability Framework (TMAF) commitment at the Tokyo Conference on Afghanistan about two years ago.
The law went through rigorous discussions and scrutiny both in the cabinet and parliament, which took over one and a half years, but at the end we have a law that we believe is the best in the region. The passage of the new Minerals Law comes only two weeks after the Wolesi Jirga passed another law that is critical for moving towards Afghanistan’s self-reliance as committed to in TMAF – the Value Added Tax Law.
The Ministry of Finance, which advocated the passage of these law, takes this opportunity to thank the Lower House both for further enriching the laws by their interactions and discussions with the relevant stakeholders and then for standing behind them.
With the new law in place now, Afghanistan is more attractive for national and international investments in the mining sector.