Decree Signed on Appointing Trade Representatives of Azerbaijan
President Ilham Aliyev on January 26 signed a decree "On the appointment of trade representatives in the embassies and consulates of the Republic of Azerbaijan in foreign countries."
The status of trade representative is established in order to better protect and represent the trade and economic interests of Azerbaijan and local exporters, and the expansion of the national products in foreign markets.
The Minister of Economy is entrusted in agreement with the Head of State to appoint trade representatives in the embassies and consulates of the Republic of Azerbaijan in foreign countries.
Trade representatives are assigned to take measures to expand trade and economic relations of Azerbaijan with the host country, increase the export of Azerbaijani goods and services, and promote business environment and investment opportunities of Azerbaijan.
Trade representatives, according to the decree, shall function as part of the embassies and consulates, to which they are assigned.
Trade representatives are personally responsible for the performance of tasks entrusted to them and report to the Minister of Economy of the Republic of Azerbaijan.
Trade representatives in the consulates report to the trade representative in the embassy of Azerbaijan in this sphere.
Trade representatives will be awarded a diplomatic rank of Envoy Extraordinary and Plenipotentiary of the second class. -06D--
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