Azerbaijan's strategy on promoting non-oil exports coming alive
Baku, Azerbaijan, Sept. 7
By Anvar Mammadov – Trend:
About two million manats have been returned to Azerbaijani exporters since early 2017 under the mechanism for the return of a part of costs for the export of non-oil products, Yusif Abdullayev, vice president of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), told Trend.
According to him, this mechanism has led to a significant expansion of the number of export-oriented producers.
“This mechanism is already yielding results. With the introduction of this mechanism (exporters are compensated for 3-6 percent of goods’ customs value) in October 2016, we received a lot of applications, and about two million manats have been returned since the beginning of this year,” noted Abdullayev.
This also gives results – in the first six months of 2017, exports increased by 36 percent, including non-oil exports – by 27 percent, added the vice president.
He went on to say that AZPROMO also receives applications of exporters for studying new markets, which will allow them to significantly expand the geography of Azerbaijani exports in the future.
Abdullayev added that as part of promoting the Made in Azerbaijan brand, work is being continued on creating shelves with Azerbaijani products in Duty Free stores at major airports, as well as in stores of big retail chains.