On January 12 the Cabinet freed imports of parts and components of aircraft from import duties. Initiator of the solution is the state CJSC Azerbaijan Airlines.
According to the decision (http://xalqqazeti.com/az/news/desicions/80177), in addition to spare parts and components, import duties will be also not charged from imported buses designed to carry passengers inside the airport.
The size of these fees ranged from 0.5% to 15%. For each cubic centimeter of airplane engine customs duties in the amount of $ 0.5 were paid. --08D--
Economics
-
As a significant step toward strengthening Azerbaijan's position in global trade, the "International Trade" working group of the Commission on Business Environment and International Rankings held a videoconference to review progress achieved and set objectives for 2025. Key participants included the First Deputy Minister of Economy, Elnur Aliyev; the Head of the Economic Reforms Monitoring and Evaluation Sector, Vusal Shikhaliev; and the Deputy Chairman of the State Customs Committee, Natig Shirinov.
-
Under the auspices of Azerbaijan’s Ministry of Economy and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), a pivotal exporters’ meeting was held this week in Baku. The event brought together government officials, industry leaders, and entrepreneurs to review progress in export operations over the past year and set ambitious goals for 2025.
-
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.
-
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.
Leave a review