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Azerbaijan's foreign trade turnover unaffected by devaluation (UPDATE)

Business Materials 29 January 2016 16:05 (UTC +04:00)
The growth of Azerbaijan’s foreign trade turnover volume remained stable in 2015 despite the devaluation of the manat, Aydin Aliyev, the head of the Azerbaijani State Customs Committee, said Jan. 29.

details added (first version posted at 11:55)

Baku, Azerbaijan, Jan. 29

By Anvar Mammadov - Trend:

The growth of Azerbaijan's foreign trade turnover volume remained stable in 2015 despite the devaluation of the manat, Aydin Aliyev, the head of the Azerbaijani State Customs Committee, said Jan. 29.

He made the statement at a press conference dedicated to the outcome of 2015 and the upcoming challenges. Aliyev said that the trade turnover volume increased by $60 million in 2015 compared to 2014.

He also said that there were some difficulties in 2015, but despite this, the committee fully coped with the task.

"Despite the decline in a number of customs duties and exempting some goods from them, we fully executed the forecast on the state budget proceeds," he said.

The State Customs Committee fulfilled the forecast of deductions by 100.1 percent, by transferring 1.59 billion manat to the budget (an increase by 81.1 million manat or 5.4 percent).

He said that 2015 was also successful for the State Customs Committee in fighting the customs fraud violations.

"More than 8,600 customs offenses, 300 crimes, most of which connected with drug trafficking and smuggling, were registered in 2015," he said. "More than 90 kilograms of drugs and 166 grams of dangerous psychotropic substances were seized in 2015."

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