The State Customs Committee revealed the data on the customs duties and taxes collected in December - 235 million manat. Thus, in 2016 from customs duties on import and export of goods the state budget received 2 billion 291.6 million manat.
Compared to 2015, the amount of customs duties and taxes increased by about AZN 700 million or 43.9%.
The growth of customs revenue has been marked on the background of the double devaluation of national currency and reduction of imports by 6%. In other words, SCC should not have much difficulty to exceed the annual plan.
In 2017, according to the state budget, SCC expects to collect 2.2 billion manat. --08D--
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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