Baku, Azerbaijan, March 2

By Anvar Mammadov - Trend:

The decree signed by Azerbaijan's President Ilham Aliyev on additional measures to promote the non-oil export is a bright example of state support to export of domestic products, Sahib Mammadov, the country's deputy economy minister said.

Stimulating the export is a part of the economic development strategy pursued by the president, Mammadov told reporters March 2.

"Very important decisions were made in this sphere and the decree on additional measures to promote the export of non-oil products, signed March 1, clearly shows the state support to the export of goods produced in Azerbaijan," said the deputy minister.

Mammadov noted that the main factor in this decree is that three percent of customs value of the declared export goods will constitute the base amount of promoting the export.

"This amount will be paid to the entrepreneurs from the state budget, which is another stimulus for them," said the deputy minister.

Additional measures on promoting the export of non-oil goods produced in Azerbaijan entered into force on March 1, 2016.

The corresponding decree was signed by Azerbaijan's President Ilham Aliyev on March 1. The decree will be effective until Dec.31, 2020.

Edited by SI

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