State Committee: Azerbaijan not to reduce customs tariffs
Azerbaijan, Baku, Sept. 24 / Trend E.Aliyev/
Reduction of customs tariffs in Azerbaijan is not expected in the near future, Chairman of the State Customs Committee (SCC) of Azerbaijan Aydin Aliyev told Trend on Tuesday.
"The forecast for customs duties for the next year is defined at 1.51 billion manat. That is 130 million manat more than forecasted figures for 2013. Due to this, the issues of reduction of tariffs and implementation of various discounts are not going to be discussed," he said.
As the SCC head reported earlier, tariffs used today comply with the requirements of the country's economy development.
"When necessary, after extensive analysis, the procedure of a change in customs tariffs in the medium term may be considered," Aliyev said.
Currently, tariffs in Azerbaijan are regulated by a law adopted in 1995. The Customs tariff is a set of duties applied to goods transferred through the customs border of Azerbaijan and classified in accordance with the commodity nomenclature of foreign economic activity.
Proposals for the transition from a three-level tariff system to multi-level differentiated system provide for maintaining the country's rates at 0.5 and 15 per cent
Today, Azerbaijan uses a system of customs tariffs adopted in 2001. The Republic's rates are 0, 0.5, 1, 3, 5, 10 and 15 per cent. Earlier, four rates were to be retained - 0, 5, 10 and 15 per cent. A 10 per cent rate was later excluded from the proposed package.
The official rate for September 24 is 0.7844 AZN/USD.