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
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review