Today is the last meeting of the autumn session of the Azerbaijani Parliament. The most interesting was the discussion of the legislative package on the activities of special economic zones and bring them in line with the Customs Code of the country.
Some changes were made to the Tax Code, as well as bills for amendments to the laws "On special economic zones", "On approval of the Regulations on service in customs, "On the Border Troops," and "On the state border of the Republic of Azerbaijan."
According to the innovation, the goods to be re-exported are exempt from the excise tax. In the special economic zones allowed not only the activities of customs brokers, but also the presence of neutral storage, which received temporary imported goods (in accordance with Articles 192 and 194 TC AR). - 17D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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