Azerbaijani government gradually preparing to join the World Trade Organization. In early December, between it and the WTO Secretariat will be the 10th round of talks.
Already submitted its responses to the requests the U.S., EU, Taiwan and Saudi Arabia. The secretariat will consider proposals on tariffs for goods and services on the basis of recommendations made earlier by a number of Western countries.
One of the most pressing issues is the development of local agriculture and processing industry in this economy. The Azerbaijani government has prepared and submitted to the WTO updated table ACC / 4 on Agriculture.
Application for membership in the WTO is filed in 1997. Ten years later signed a bilateral protocol with Turkey on completion of negotiations on accession to the WTO in May 2008 - with Oman and the UAE in May 2010 - with Georgia in 2012 - with Kyrgyzstan. A similar protocol is to be signed with Moldova. - 17D-
Economics
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The Asian Development Bank (ADB) has introduced its Framework Partnership Program for 2025–2029 during a high-level meeting with the Central Bank of Azerbaijan (CBA). The meeting, which was attended by CBA First Deputy Chairman Aliyar Mammadyarov and ADB Country Director for Azerbaijan Sunni Duranni-Jamal, highlighted strategic initiatives aimed at fostering economic transformation and sustainable growth.
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On January 16, the President of Azerbaijan has approved a sweeping Digital Development Concept, setting the stage for a national transformation in governance, economy, and society through the integration of advanced technologies such as artificial intelligence, blockchain, and 5G networks.
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Azerbaijan and the Maldives have taken steps to strengthen economic ties following meeting between the Azerbaijan Export and Investment Promotion Agency (AZPROMO) and Invest Maldives, the investment facilitation agency of the island nation. The discussions, held during the Azerbaijani government mission's visit to the Maldives, explored opportunities in key sectors including real estate, green energy, tourism, and transport.
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The Ministry of Economy of Azerbaijan has announced the results of a tender for the construction of a desalination plant to produce drinking water under a public-private partnership.
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