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
-
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