The intervention of the Azerbaijani leadership in agricultural industry should be minimal, the World Trade Organization (WTO) representatives said. Representatives of the Foreign Ministry at the recent talks in Geneva expressed hope for 10% support to agriculture from its share in GDP (up to 300 million AZN per year from NFES) plus the provision of an annual one-time assistance, mostly to large producers, amounting to $ 2 billion.
It's about technique. The international organization sees braking activity and corruption in the provision of tax incentives, the use of export subsidies and financial support to the agricultural sector.
Azerbaijan applied for WTO membership in 1997. Ten years later it signed a bilateral protocol with Turkey on the completion of negotiations for accession to the WTO. In May 2008 a protocol was signed with Oman and the UAE, in May 2010 - with Georgia, and in 2012 - with Kyrgyzstan. --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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