The Cabinet of Ministers extended the list of goods subject to export duties. According to the government decree of January 10 (http://xalqqazeti.com/az/news/desicions/80117), the import duty on February 9 of this year will also be applied to the production of copper wire and rods, copper profiles and copper fittings.
The fee is 10% of the export value of the goods, but not less than $ 300 per ton.
Last time the government set export duties for exports of copper products in August 2016. These duties will be valid for 5 years.
Export duties do not apply to copper ore and its concentrates. --08D--
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review