According to the decision of the Cabinet of Ministers of Azerbaijan, on the export of skins customs duties are introduced for a period of 5 years.
Changes to the previous version of the document "About rates of custom duties on export-import transactions", which will take effect from November 7 provide for a fee of $ 150 to $ 500 per ton of raw, fresh and salted hides of both large and small ruminants.
According to the State Customs Committee, in January-August, the country exported skins worth $ 357,040. Unfortunately, the Committee did not provide information on pricing, but directly in the places of slaughter 1 kg lamb and calf skins are worth 10 kopecks. Daily only in Baku 500 tons of meat (beef and lamb equally) is sold, and 70 tons of skins are sold for treatment. On Novruz, Ramadan and Gurban holidays much more is sold. Note that 80% of skins are sold cheaply for export, mainly to Turkey, Afghanistan and Pakistan. --17D-
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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