Baku, Azerbaijan, Oct. 28
By Azad Hasanli - Trend:
Prices of 827 kinds of medicines were approved in Azerbaijan under an Oct. 28 decision of the country's Tariff Council, according to a message issued by Azerbaijan's Economy and Industry Ministry.
The Tariff Council also made a reduction of an average of 30 percent in tariffs for examinations carried out to issue a certificate of origin for non-oil goods during their export.
The proposal to do so came from the Center for Examination of Consumer Goods.
Up until now, the Tariff Council has approved the prices of 3,010 kinds of medicines, of which 1151 kinds are already being sold under the approved prices.
The prices of 1,110 kinds of medicines will take effect from Dec. 1, and 749 more kinds from Dec. 21.
As a result of price regulation, the prices of 50 percent of medicines have fallen by more than half, and the prices of 26 percent of medicines have decreased by more than three times.
In general, the price reduction has affected 96 percent of all the kinds of medicines with regulated prices.
Under a corresponding decision of the Tariff Council, the medicines with indicated composition, the prices of which won't be confirmed by the abovementioned dates, may be sold only after the confirmation of their prices.
The process of price regulation on essential medicines will end before late 2015.
Edited by CN
---
Follow the author on Twitter: @AzadHasanli