Azerbaijan, Baku /corr. Trend U.Ismaylova / The decision of the Cabinet of Ministers of Azerbaijan to cancel the value added tax (VAT) (18%) for grain import will not significantly affect the stabilization of the prices for bread, independent economic experts consulted by Trend stated.
"The prices for bread may be regulated only if the VAT is cancelled for the grain operations in the country," experts said.
The specific weight of the imported grain in the gross consumption in the Country is not significant. The annual grain demand in Azerbaijan makes up 1.53mln t. The grain production in the Country equals 1.23mln t and import only 300,000 t per year.