In 2014 Azerbaijan is not expected to increase customs tariffs, the head of the State Customs Committee Aydin Aliyev told the media.
According to him, the growth of state budget revenues through the Customs Service will be provided not by raising tariffs, but due to the expected increase in the volume of imports, conducting cross-border trade in a civilian way with involvement of customs declarations.
For 10 months of the year instead of the projected 1.134 billion manat customs contributed 1.38 billion manat to thye state budget.
In 2014, the expected state revenue through customs will be at 1.51 billion manat.
It should be noted that the increase in customs duties inevitably leads to higher prices for imported goods. -06D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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