Bilateral talks start between Azerbaijan and Russia on mutual recognition of customs control in respect of fruit and vegetables. Yesterday this order (http://government.ru/media/files/5ZzXsvfRToejuulpTjRjojriGTpm79Ai.pdf) was signed by the Russian Prime Minister Dmitry Medvedev.
In the case of unification of customs procedures between the two countries businessmen's transaction costs will be reduced by half, which will reduce the final cost of goods. It is an export of live trees, plants, flowers, herbs, fruits, vegetables, nuts, processed products and various foods. This means that if the local customs pass a shipment, the Russian side will not examine it in the case of advance transmission of information and provision of documents drawn up in accordance with the requirements of the protocol.
Russian experts believe that the Azerbaijani products are cheaper than their Russian analogues and our country could become an additional source of food for the Russians. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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