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
-
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