Import of used cars in Azerbaijan in January-May of this year increased by 71%. Experts suggest that the pace will not slow down after the environmental standards for vehicles imported to Azerbaijan will come into force on July 1.
According to the State Customs Committee (SCC), over the first five months of this year the 15,230 (by 38.2%) used cars were brought to the country.
The total declared value of the cars imported by individuals in January-May totaled $ 115.4 million. One passenger car was registered by the Customs House at an average $7.576, in the previous year this figure was $9.400.
It should be noted that the principle of “a single window” for import and state registration of used cars is applied in Azerbaijan. 08D
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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