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Drop in oil prices sets new challenges for Azerbaijan

14 March 2016 12:51 (UTC+04:00)
Drop in oil prices sets new challenges for Azerbaijan

By Aynur Karimova

Falling oil prices have set new challenges for Azerbaijan, Aydin Aliyev believes.

The Head of the country’s State Customs Committee said at a conference devoted to the development and future prospects in the customs system on March 14 that this has led to the need that the work of many state agencies, including customs bodies, reaches a new level.

A conference on “Development in customs system and future prospects” organized by the American Chamber of Commerce in Azerbaijan kicked off in Baku on March 14.

Speaking at the event, Arzu Hajiyeva, the representative of Ernst & Young in Azerbaijan, said that along with the traditional functions, the customs structures in Azerbaijan should be provided with new ones in current realities.

"Currently, the customs structures of many countries, including Azerbaijan, are facing such new tasks as the promotion of international trade, the formation of the necessary sphere for investment and business development, as well as the protection of the main property rights," she noted.

Later, Aliyev told journalists that customs duties on a number of imported products may be reduced in Azerbaijan.

He said that this will mainly relate to customs duties on imports of raw materials and components for manufacture of products of Azerbaijani origin.

He went on to add that Turkish goods are not exported from Azerbaijan to Russia.

"The Azerbaijani customs structures always require presenting a certificate of origin of the products during export,” he said. “We are thoroughly conducting inspection in this direction.”

“I can assure that Turkish goods are not exported from Azerbaijan to Russia," he noted.

He also said that the import of cigarettes decreased by six times in Azerbaijan within two months.

"This is primarily connected with the prevention of import of tobacco products supposedly for own use, but used for commercial purposes," Aliyev added.

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Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova

Follow us on Twitter @AzerNewsAz

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