Azerbaijan, Turkiye to introduce duty-free import of goods

By Ayya Lmahamad

Azerbaijan and Turkiye prepare to import 15 forms of items
responsibility-totally free, the country’s Export and Expenditure Promotion Company
head, Yusif Abdullayev, claimed, Azernews studies.

He produced the remarks during his speech at a particular session on
Azerbaijani-Turkish cooperation.

Abdullayev emphasized that the preferential trade settlement is a
really critical mechanism in order to accomplish the ambitions set by the
heads of states for the development of bilateral trade in 2023.

“Under this agreement, 15 merchandise from both of those international locations will be
exported duty-free. We would like the amount of obligation-no cost products to
increase, and the assortment of products and solutions to develop,” he explained.

Also, speaking at the exclusive session, Azerbaijan’s Economic
Zones Progress Company Deputy Board Chairman Elkhan Shiriyev
said that the positive aspects are offered for entrepreneurs, who will
have out actions in the country’s liberated territories.

Noting that perform is underway to improve the package of added benefits
for several types of entrepreneurs, Shiriyev stated that it is
expected that citizens of the industrial zones of Karabakh will be
exempt from tax and customs responsibilities for 15 many years.

“It also offers for exemption from service fees and taxes on the
import of raw products. The implementation of these initiatives
will raise the attractiveness of the industrial zones created in
the liberated territories,” he stated.

A distinctive session of the Caspian Power Forum, committed to
Azerbaijani-Turkish cooperation was held on July 6. The event,
hosted by Azerbaijan and Turkiye with the participation of
officials and businessmen, exchanged sights on the function of providers
from both equally international locations in the development of the area. The
participants also reviewed the difficulties of cooperation involving
Azerbaijani-Turkish businessmen in the intercontinental arena.

Azerbaijan and Turkiye collaborate in a selection of financial
sectors and have finished major electrical power and infrastructure
projects, this sort of as Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Kars, and
TANAP.

The two countries established up a goal to deliver the mutual trade
turnover to $15 billion in 2023. As of 2021, the trade turnover
concerning the two nations around the world amounted to $4.6 billion. So far, Turkiye
is Azerbaijan’s second-biggest trader adopted by the Uk.

Ayya Lmahamad is AzerNews’ personnel journalist, follow her on
Twitter: @AyyaLmahamad

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About the Author: AKDSEO

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