In order to increase self-sufficiency in agricultural products, as well as the protection of the internal market Azerbaijan may impose quotas on imports. The proposal was made by the Ministry of Agriculture.
Speaking at a government meeting chaired by President Ilham Aliyev on January 10, the head of this department, Heydar Asadov said that the restrictions could be applied in the form of another regulatory tool like seasonal duties.
The minister believes that due to political factors, some neighboring countries apply to each other sanctions on the import of fruits and vegetables. This in turn puts pressure on the Azerbaijani market. In this regard, the head of the agricultural department called the position of the President of Azerbaijan in joining the World Trade Organization "the wisest position." Azerbaijan restricts the import of different ways of agricultural products from Turkey, which was previously exported to Russia.
According to the Ministry of Agriculture, in 2015 the export of agricultural products from Azerbaijan totaled $ 312 million, by 7.2% more than in the previous year. 08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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