As expected, the State Customs Committee (SCC) with a jeweler's precision coped with the implementation of the plan for the transfer of duties and taxes on foreign trade operations, despite the decline in imports of goods by about 16%.
According to SCC, in January-December they collected 1,510,700,000 manat. In December, as Turan IA predicted, they collected 132 million manat.
Collection of Taxes and Duties by SCC in 2014:
Item
| Target (in millions of AZN) | Actual (in millions of AZN) |
Customs duty | 330 | 365.9 |
VAT | 1,070 | 1,070.9 |
Excise | 90 | 57 |
Drivers’ tax | 20 | 16.8 |
This year's plan for the customs has been set at 1 billion 580 million manat. ---08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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