President decrees to encourage investments
Azerbaijan’s President Ilham Aliyev signed a decree on January 18 on additional measures to encourage investments.
The decree was signed to expand investment activities, improve business environment, increase industrial production, as well as create a mechanism and normative legal acts related to encouragement of investments, in accordance with the action plan for realization of the “2015-2020 State Program for Development of Industry in Azerbaijan.”
President Aliyev also signed an order on additional measures to promote exports of non-oil products.
“In recent years, there have been significant achievements in development of the non-oil sector, which is the main driving force of the economy. Its share in GDP began to prevail, and the production of competitive goods with high export potential has expanded,” the order said.
The decision to issue the order was made with an aim to promote exports of non-oil products, increase production and export of non-oil products, improve the opportunities to access the traditional and new markets, and expand favorable conditions in this area.
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