Azerbaijan stated its decision not to join the Customs Union of Russia, Kazakhstan and Belarus, said the head of the State Customs Committee Aydin Aliyev. At a meeting with the Minister for Customs Cooperation Committee of the Eurasian Economic, Vladimir Goshin, he said that Azerbaijan will not join this organization.
The meeting was held during the session of the Council on Customs Cooperation and the Global Excise Summit in the headquarters of the World Customs Organization (WCO) in Brussels, according to the press service of State Customs Committee.
Customs union is a form of trade and economic integration of Belarus, Kazakhstan and Russia, which provides a single customs territory, within which customs duties and restrictions of economic nature are not applied.
Countries-members of the Customs Union apply a common customs tariff and other measures to regulate trading with third countries.
With regard to proposals to join the Customs Union, Azerbaijan has got such proposals from Moscow. In particular, last time the Russian State Duma Speaker, Sergey Naryshkin, declared in Baku in early July.-0-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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