Azerbaijan to expand export subsidizing
By Trend
Azerbaijan’s Ministry of Economy prepared proposals to expand the list of products covered by the export promotion mechanism, said Deputy Economy Minister Sahil Babayev.
He made the remarks Sept. 16 at a press conference in Baku.
“Together with the Exporters’ Club [of Azerbaijan Export and Investment Promotion Foundation] and representatives of business associations, we prepared new proposals that have already been submitted to the government,” Babayev said.
The export promotion mechanism has proved very successful and gave a new impetus to the expansion of exports, according to him.
As part of mechanisms of non-oil exports’ promotion, the government returns part of costs to exporters, reimbursing three to six percent of the customs value of goods.
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