Using local raw materials to protect Azerbaijani domestic market
Baku, Azerbaijan, Oct. 9
By Ilhama Isabalayeva – Trend:
It is necessary to prevent the artificial rise in prices in Azerbaijan to protect the domestic market, the country’s MP Aydin Huseynov said.
He was commenting on the speeches made during the meeting of Azerbaijan’s Cabinet of Ministers dedicated to results of socio-economic development in nine months of 2016 and objectives for the future.
Huseynov said that it is necessary to use Azerbaijan’s inner potential and local raw materials to protect the country’s domestic market.
“The raw materials should be sent not for sale, but for the production,” he noted. “Manufacture of goods should be ensured at the expense of local raw materials. The main objective of the economic strategy of Azerbaijan’s President Ilham Aliyev is the diversification of the country’s economy and the complete elimination of economic dependence on the oil factor.”
“It is necessary to develop the agricultural sector, industry and tourism spheres for that,” the MP said. “At the same time, enhancement of export potential of Azerbaijan, reducing the country’s dependence on imports, manufacture of competitive products should be important factors.”
Huseynov said that the food provision of Azerbaijan should be implemented fully at the expense of the domestic market.
Regarding the importance of creating large-scale industrial complexes, the MP said that the growth of competitive export products should be one of important steps for the inflow of foreign currency into Azerbaijan.