Today the Parliamentary Committee for Economic Policy, Enterprise and Industry sent to refine the text of the draft law "On anti-dumping, countervailing and safeguard measures," although previously (12 February), the Milli Majlis adopted it in the first reading.
According to the Committee head Ziyad Samadzade, the text is very difficult to understand, and MP Ali Masimli does believe the development of such documents should coordinate the efforts of several ministries and departments, not relying solely on the experts of the Ministry of Economy. "This document contains, in addition to economic issues, customs, judicial and legal aspects. So relevant bodies should be involved to work on it for a substantial improvement," he said, referring to the importance of the timely support of local businesses.
In addition, according to the panelists, the bill is quite ambiguous, contains many contradictions that can lead after its adoption to the development of protectionism, which have a negative impact on the industry.
According to the Chief of the State Customs Committee of Azerbaijan Mirgasim Vahabov, the agency he represents made recommendations of the authors in the field of protection of the interests of local producers to import and export, which however, were not included.
Key provisions of the bill provide for the identification of dumping facts, including facts of increasing the size of the customs duty on the import of products in the amount of the dumping margin. --17D-
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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