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
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
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.
Leave a review