Baku, Azerbaijan, Oct. 31
By Matanat Nasibova - Trend:
As part of the export promotion mechanism for 2017-2018, exporters of non-oil products in Azerbaijan were refunded 6.8 million manats from the state budget, said acting president of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Yusif Abdullayev, at a press conference Oct. 31.
“During the period, as part of the export promotion mechanism, the value of funds returned to exporters amounted to 6.8 million manats, including 3.7 million manats from the beginning of 2018,” said Abdullayev.
Since March 1, 2016, additional measures to encourage the export of non-oil products have been taken in Azerbaijan.
Export promotion is provided by state budget, depending on the types of products, local components used in the process, the specific weight of non-oil products produced in Azerbaijan.
The amount of payment is 3 percent of the customs value of the declared exported goods.
(1.7 AZN = 1 USD on Oct. 31)
