Another round of talks between the Government of Azerbaijan and the Secretariat of the World Trade Organization (WTO) will be held in early June in Geneva.
Told reporters today, Deputy Foreign Minister Mahmud Mamedguliyev planned to conduct bilateral negotiations with India, South Korea and China on tariffs for goods and services.
"In addition, with Argentina and Brazil will be held bilateral talks on the subject of the size of subsidies to agribusiness sector of Azerbaijan," he said.
Recall Azerbaijan applied for WTO membership in 1997. After 10 years, there was signed the first bilateral protocol (with Turkey) to conclude the negotiations on accession to the WTO. In May 2008, an agreement was signed with Oman and the United Arab Emirates, in May 2010, with Georgia in 2012 - with Kyrgyzstan. Ready to sign is an agreement with Moldova.
Azerbaijan's President during a speech on the basis of economic and social development of the country in January-March this year said that joining the WTO is in the distant future. - 17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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