Azerbaijani exporters get subsidies worth almost 3M manats (UPDATE)
Details added (first version posted on 12:46)
Baku, Azerbaijan, Jan. 12
By Anvar Mammadov – Trend:
As part of the mechanism for the return of a part of expenditures for non-oil products’ export, 2.9 million manats were returned to the Azerbaijani exporters in 2017, the country’s Deputy Economy Minister Sahil Babayev told reporters in Baku Jan. 12.
He said that depending on the type of goods, as part of mechanisms for promoting the export of non-oil products, the state returns to exporters a part of their expenditures, compensating three to six percent of the goods’ customs value.
“It is encouraging to note that entrepreneurs actively use this mechanism. Last year, it was used by 44 entrepreneurs. Winemakers are the most active entrepreneurs in this - about 60 percent of the returned funds accounted for the entrepreneurs engaged in exports of wine and other alcohol products,” noted Babayev.
Products, for the exports of which funds are returned, were exported to 28 countries, according to the deputy minister.