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Global financial crisis will not impact agriculture in Azerbaijan: minister (video)

Business Materials 12 February 2009 11:45 (UTC +04:00)

Azerbaijan, Baku, Feb. 12 / Trend , U.Ismayilova /

"The global economic crisis will not impact the agricultural sector," Agriculture Minister Ismat Abasov said.

"Azerbaijan avoided the crisis by implementing a sound agrarian and economic policy," Abasaov said.

The number of local agricultural products and production capacity increased in the recent past.

Agricultural growth hit 6.1 percent and production - 6 percent in 2008.

"I think such a tendency for development will continue in 2009," the minister added.

The crisis has not impacted loans and subsidies for farmers.

The government will allocate more loans to farmers this year.

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