CONFERENCE ON FACILITATION LOCAL PRODUCTION HELD IN BAKU

On August 4 the Conference dedicated to the local production facilitation was held in Baku, Trend reports.

The Minister of Economic Development Farhad Aliyev said, active economic structural reforms, infra-structural projects are currently implemented in the country, the tax burden lowers, revenues volume to the budget grows.

" For creating the strong country, the strong private sector, which requires the active trade is needed. In this regard, a number of documents targeted at the private sector development has been adopted in the country”, the Minister noted.

Aliyev also noted, that it is rather a frequent matter in Azerbaijan, that commodities are forged and then low-quality products are sold under the famous brands.

Particularly, the Minister pointed out at the availability of such cases in selling of salt, sausages, and he “presented” the so-called "Coca-Cola" of Gyanja production, in which a large quantity of food dyes was used.

The Minister also noted, that cases of the low-quality goods are also known in the production of the polyethylene wares.

"Azerbaijan will soon join the World Trade Organization (WTO) and we need good quality products, in this regard encouragement of export is important for us.

Particularly the documents for registering the Fund to be engaged in export facilitation are for the moment at the Justice Ministry”, the Minister noted.

The function of the export facilitation will be transferred to the Fund for promoting investments and consulting (ICPF), at the result of which it must be registered anew. At the result of the powers extension, ICPF is planned to change its name

The Minister underlined, for the local entrepreneurship development the attention should be focused on the products popularization, arrangement of trade exhibitions.

Such development of economy will enable to increase the efficiency of the inflation management and expand the country’s economy.

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