Mechanisms to support the export of Azerbaijani products will apply only to goods produced in the non-oil sector, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov reported.
However, the entrepreneurs, who can benefit from these mechanisms, will face no restrictions.
“Export process is quite difficult. First of all, entrepreneurs should have competitive products. In order to ensure the development of production of competitive goods, the state will support the research programs and development programs in this sphere”, said Mammadov. “At the same time, in order to promote the goods on foreign markets, we should study their export potential. The state plans to render support in this sphere as well”.
Moreover, a number of mechanisms such as export missions, participation in international exhibitions and etc. are planned for advertising the products on foreign markets, Mammadov added.
Azerbaijan’s President Ilham Aliyev signed a decree on October 5, to approve of the “The rule of defining and regulating the mechanism of paying a part of the expenditures from state budget, organizing export missions to foreign countries, exploring foreign markets and marketing activities, promoting ‘Made in Azerbaijan’ brand in foreign markets, local companies’ receiving certificates and patents in foreign countries for export, research programs and projects for development of export”.
In order to finance the support measures envisaged in the above-mentioned rule, 3 million manats have been allocated from the Azerbaijani President’s Reserve Fund in the 2016 State Budget. (Trend/Business World Magazine)