A three-day 10th annual conference of the Partnership Programme in Customs Academic Research and Development (PICARD) the World Customs Organization started in Baku.
The event was opened by Deputy Prime Minister Abid Sharifov, the Secretary General of the World Customs Organization Kunio Mikuriya, and the Chairman of the State Customs Committee Aydin Aliyev.
The Nobel Prize-winning Professor at Harvard University (USA), Eric Maskin spoke on Why Global Markets Failed to Reduce Inequality in the Developing World. The following presentation was made by the Director General of the International Centre for Tax and Development Mick Moore (UK) on International Cooperation: Comparative Characteristics of Trade and Taxes.
The agenda includes plenary sessions Factors Stimulating Customs Officers and Global Supply Chains. Tomorrow is planned report by the Nobel Prize winner, Professor at Arizona State University (USA) Edward K. Presсott. On the final day there will be a keynote address by Nobel Laureate, Professor, University of California Finn Kydland.
On September 11 Baku will host the official opening ceremony of the Regional Office of the International Network of Customs Universities (INCU). --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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