BAKU, Azerbaijan, Feb.28
By Leman Zeynalova – Trend:
SECO - State Secretariat for Economic Affairs of Switzerland is helping Azerbaijan in improving the risk management framework, SECO told Trend.
SECO said it has been supporting activities in order to improve the investment climate and to further increase the competitiveness of the agribusiness in Azerbaijan.
‘Therefore, SECO has financed technical assistance for i) streamlining business regulations in the areas of licensing and inspections; ii) developing and implementing a national Foreign Direct Investment strategy (FDI strategy); iii) enhancing access to quality seeds; iv) improving access to finance along agribusiness value chains. These and the establishment of a Private Credit Bureau and Movable Assets Registry are a few examples on how SECO has contributed to further develop a business conducive environment in Azerbaijan,” said state secretariat.
SECO said it is convinced that domestic resource mobilization provides governments with the funds needed to invest in development.
“A strong revenue base enables countries to finance public services, social support and infrastructure among others. Therefore, SECO financed activities that are implemented currently with the State Tax Services of Azerbaijan work on i) increasing the accuracy of taxpayer registry; ii) improving the risk management framework and (iii) broadening the tax base.”
SECO is the federal government’s center of expertise for core issues relating to economic policy. Its aim is to ensure sustainable economic growth, high employment and fair working conditions by providing a stable environment for regulatory, economic and foreign trade policy.
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