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 Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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