The inaugural Oklahoma-Azerbaijan Agricultural Forum will be held November 6-8 in Oklahoma City, Oklahoma.

Agrarian reforms, implementation of the third State Program on the socio-economic development of regions, and improvement of regional and rural infrastructure positively affect the development of such an industry as grain growing, on which Azerbaijan’s food security largely depends.

The lack of strict accounting and reliable reporting in the activity of Azerbaijani agricultural producers creates a condition for tax evasion of third parties, which is unacceptable, Azerbaijani Deputy Taxes Minister Sahib Alakbarov said.

Turning agriculture into a further profitable and attractive sector of the economy is one of the main tasks within the process of diversification of the national economy. Enhancing of capabilities in terms of applying new technologies as well as building up human resources are the key factors for the promising future of this area in Azerbaijan.

The total agricultural output value exceeded 3.675 billion manats in Azerbaijan in January-June 2019, which is by 13 percent more than in the same period last year, Trend reports referring to the State Statistics Committee.

The development of agriculture is constantly in the spotlight of the Azerbaijani government.

Irrigation equipment is planned to be exempt from taxes in Azerbaijan, Trend reports.

The process of introducing innovative technologies should be intensified to achieve transparency and efficiency in the agricultural field, Inam Karimov, Azerbaijani Minister of Agriculture, said at the UN Public Service Forum held in Baku on June 24-26.

The development of agriculture is constantly in the spotlight of Azerbaijan, so the country seeks to achieve noticeable improvements in agriculture by implementing reforms in this sphere as well as cooperating with world’s most dominant agricultural centers.

A new agricultural insurance mechanism will be launched in Azerbaijan till late 2020, Firdovsi Agashirinov, head of the Insurance Supervision Department of the Financial Market Supervisory Authority of Azerbaijan (FIMSA), told Trend.