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Falling oil prices set new challenges for Azerbaijan, says customs head (UPDATE)

Economy Materials 14 March 2016 14:13 (UTC +04:00)
Falling oil prices have set new challenges for Azerbaijan

Details added (first version posted on 10:14)

Baku, Azerbaijan, March 14

By Anvar Mammadov - Trend:

Falling oil prices have set new challenges for Azerbaijan, said Aydin Aliyev, head of the country's state customs committee, March 14.

"This has led to the need to bring the work of many state agencies, including that of customs bodies, to a new level," he said addressing a conference dedicated to the development and future prospects in the customs system.

The conference was organized by the American Chamber of Commerce in Azerbaijan (AMCHAM).

"Instability in global economy in recent years and significant decline in oil prices impact all countries, including Azerbaijan," said Aliyev. "As a result, many state agencies, including the State Customs Committee of Azerbaijan, have to solve a number of issues, primarily having ensured transparency of our activities."

Aliyev also said the activities of customs bodies of Azerbaijan need to be brought to a global level.

"A number of legislative acts have been already adopted in Azerbaijan, including amendments to the country's Customs Code," he said. "They all comply with the latest international global standards. In the near future we are going to greatly improve the level of work and become one of the most advanced customs services in the world."

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