Azernews.Az

By Sara Israfilbayova

Azerbaijan’s Economy Ministry has prepared draft code on competition, according to the report on the evaluation of the results of the measures reflected in the “Strategic Roadmap on production of consumer goods in Azerbaijan at the level of small and medium-sized enterprises” during the first half of 2017.

The work on the preparation of the code is implemented jointly with Azerbaijan’s Ministry of Justice, Trend reports.

Creation of the code on competition is envisaged among the measures reflected in the “Strategic Roadmap on production of consumer goods in Azerbaijan at the level of small and medium-sized enterprises.”

International experience, including of the U.S., Austria, Latvia, Lithuania, Hungary, the Czech Republic and other countries was used during the preparation of the code.

A working group that will operate within the Commission on Enhancing Business Environment Favorability and Improving Azerbaijan’s Positions in International Ratings has also been set up, according to the report.

President Ilham Aliyev signed a decree in late 2016 endorsing “Strategic Road Maps for the National Economy and Main Economic Sectors”, which outlined the short-, medium- and long-term goals for the development of the economy and eleven key sectors.

The document comprises consolidated measures aimed at minimization of negative impacts of the global economic slowdown. It will allow to create a new development model basing on short-term (until 2020), medium-term (until 2025) and long-term measures (post 2025) to be implemented in different spheres of economy.

The strategic road maps up to 2025 and beyond cover almost all sectors of the economy, including, development of the oil and gas industry, the manufacture and processing of agricultural products, the manufacture of small and medium entrepreneurship-level consumer goods, development of heavy industry and machinery, tourism, logistics and trade, vocational education and training, financial services, communication and information technologies and utilities.

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