Local products to be presented in Paris
By Sara Israfilbayova
Azerbaijan will take part at the SIAL Paris exhibition on October 21-15.
As many as 23 Azerbaijani companies engaged in the production of food, vegetables and fruits, wines, fruit juices, mineral waters, canned products, hazelnuts and dried fruits, tea, etc., will present their products at the Made in Azerbaijan stand at the exhibition.
SIAL Paris is a global showcase for the food industry that brings the key producers and buyers together with a focus on the world’s major challenges and reveals the trends and innovations that shape the food industry of tomorrow.
The exhibition, which will be attended by 7,020 companies from 109 countries, is one of the largest food exhibitions in Europe.
Today, the country eyes to diversify its economy, focuses widely on an export-led growth strategy and aims to expand the list of its foreign trade partners.
President Ilham Aliyev signed the Decree on large-scale promotion of local non-oil products in foreign markets as “Made in Azerbaijan” on 5 October 2016.
This Decree includes nine different support mechanisms to stimulate exports and promote “Made in Azerbaijan” abroad.
Depending on the support mechanisms, the costs relating to their realization are fully or partially covered by the state budget.
“Made in Azerbaijan” is an initiative aimed at entering new markets. The strategic markets for Azerbaijan are also considered to be EU, the countries of the Persian Gulf, China, the CIS countries, Turkey and Russia.
EU is one of the largest markets in the world. And, ultimately, this market is an important direction for entrepreneurs in terms of both competitive opportunities and sustainable income.
Development of the non-oil sector mainly depends on the export of non-oil products and the main goal is to expand access to new markets, besides traditional markets.
The volume of non-oil exports from Azerbaijan in the first half of 2018 amounted to $813.5 million, which is 14 percent more than the same period last year.
In January-June 2018, Azerbaijan, in general, exported products for $ 9.9 billion.
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Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is
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