Pakistan within the framework of increasing its turnover to Turkey, and then to Europe is going to join the main multilateral agreement on Transport Corridor Europe-Caucasus-Asia (TRACECA).
Today, the in the permanent Secretariat of the Intergovernmental Commission on the Project, the Ambassador of Pakistan to Baku Khalid Usman Qaiser was adopted on this occasion by the Secretary General of TRACECA Mircea Chepraga. The purpose of the meeting was to present and discuss the priority issues of the project by increasing its competitiveness. Pakistan supports the initiative of TRACECA transformation into an international organization. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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