Baku, Azerbaijan, Oct. 19
By Anvar Mammadov – Trend:
Azerbaijan’s Digital Trade Hub has become the first model of cooperation between the state and the private sector in the post-Soviet area, said Vusal Gasimli, executive director of the Center for Analysis of Economic Reforms and Communication.
He made the remarks addressing the first international conference “Digital Trade Hub of Azerbaijan: Development Perspectives” in Baku Oct. 19.
According to Gasimli, the Digital Trade Hub will allow expanding significantly the export of Azerbaijani products and increasing the inflow of both portfolio and direct investments in Azerbaijan.
The Digital Trade Hub enables non-residents in Azerbaijan after receiving electronic signatures and ASAN Signature to carry out operations to open LLCs, bank accounts, hire employees, carry out export-import operations, he noted.
Gasimli added that the Digital Trade Hub also provides an opportunity to create an electronic wallet.
Another important detail is that the Digital Trade Hub performs the role of an electronic “single window” for export, he said.
“In other words, any Azerbaijani exporter, without leaving the office, can by means of a computer or a mobile device pass all necessary procedures related to documentation and registration of export of products,” explained Gasimli.