De­vel­op­ment of non-oil sec­tor helps to tackle so­cial is­sues

Azer News - - Na­tion - By Sara Is­rafil­bay­ova

De­vel­op­ment of non-oil sec­tor re­mains one of the main pri­or­i­ties for Azer­bai­jan, as the gov­ern­ment is keen to di­ver­sify econ­omy and im­prove busi­ness cli­mate in the coun­try.

Azer­bai­jan en­sured gross do­mes­tic prod­uct (GDP) growth and eco­nomic de­vel­op­ment, mainly due to the ex­port of oil stock, how­ever, in the con­text of fall­ing en­ergy prices in the world, the de­vel­op­ment of nonoil ex­ports has be­come an ex­tremely im­por­tant strate­gic task of the state.

The deputy of the Milli Me­jlis [par­lia­ment] of Azer­bai­jan Musa Guliyev said that in the first quar­ter of 2017, the ex­port of prod­ucts of the non-oil sec­tor in Azer­bai­jan in­creased by 32.5 per­cent com­pared to the same pe­riod of the pre­vi­ous year, while the ex­port of in­dus­trial goods for this pe­riod from Azer­bai­jan in­creased by 25 per­cent. All this sug­gests that the state tar­gets to in­crease the ex­port of the non-oil in­dus­try.

He noted that as a re­sult of the de­vel­op­ment of the non-oil sec­tor, the res­o­lu­tion of so­cial is­sues is ac­cel­er­at­ing, new jobs are be­ing cre­ated, which par­tially re­solves a prob­lem of un­em­ploy­ment of the pop­u­la­tion.

The state al­ways sup­ports en­trepreneurs, cre­ates the nec­es­sary con­di­tions for the de­vel­op­ment of a healthy busi­ness cli­mate in the coun­try, and is­sues con­ces­sional loans.

In this re­gard, it is planned to cre­ate the Agency of Small and Medium En­ter­prises and the Guar­an­tee Credit Fund in 2017-2018. Sim­i­lar agen­cies al­ready op­er­ate in Europe, the UK, the USA, China, Sin­ga­pore and other coun­tries, stim­u­lat­ing the de­vel­op­ment of small and medium-sized busi­nesses.

In th­ese agen­cies, any rep­re­sen­ta­tive of a small or medium-sized en­ter­prise can rel­a­tively quickly and eas­ily find out about all the op­por­tu­ni­ties for the com­pany's de­vel­op­ment, new meth­ods and tech­nolo­gies, about rais­ing the qual­i­fi­ca­tion of em­ploy­ees, and as­sess­ing the risks of work­ing in an­other coun­try. Also, the Fund in­tro­duces a huge num­ber of var­i­ous pro­grams on con­ces­sional lend­ing, which in­clude spe­cial loans, credit risk in­sur­ance and sub­si­dies. In gen­eral, the agency's mis­sion is to help and pro­tect the in­ter­ests of small and medium-sized en­ter­prises, cre­ate free mar­ket com­pe­ti­tion, and sup­port and strengthen the coun­try's econ­omy in whole.

Guliyev added that ac­cord­ing to statis­tics, over 10 years of the im­ple­men­ta­tion of state pro­grams the GDP have in­creased more than three­fold, in­clud­ing the non-oil sec­tor by 2.6 times, in­dus­try by 2.7 times, agri­cul­ture by 1.5 times. As a re­sult of the re­forms, more than 1.2 mil­lion new jobs were cre­ated in the coun­try, in­clud­ing 900,000 per­ma­nent jobs, about 56,000 en­ter­prises, un­em­ploy­ment fell to 5 per­cent, and poverty to 5.3 per­cent.

Be­sides, the gov­ern­ment is in­ter­ested in pro­mot­ing do­mes­tic prod­ucts to in­ter­na­tional mar­kets, and there is suc­cess in this direc­tion. The ex­port of Azer­bai­jani prod­ucts is in­creas­ing, which means that new op­por­tu­ni­ties and new mar­kets are emerg­ing.

The prac­ti­cal mea­sures have been taken to pro­mote the ‘Made in Azer­bai­jan’ brand world­wide.

Pres­i­dent Il­ham Aliyev said that we need to try to com­pletely meet our de­mand for con­sumer prod­ucts in the next 3-4 years and this will cre­ate ad­di­tional op­por­tu­ni­ties for ex­port and we should con­stantly in­crease pro­duc­tion in or­der to fully meet the do­mes­tic de­mand and present com­pet­i­tive ex­port prod­ucts.

“Farm­ers are ex­empted from all taxes ex­cept land tax. Ma­chines are pur­chased, fer­til­iz­ers, fuel, sub­si­dies are al­lo­cated in con­ces­sional con­di­tions. All th­ese re­vives our non-oil sec­tor. How­ever, ad­di­tional sup­port should be pro­vided to en­trepreneurs in or­der to take their prod­ucts to for­eign mar­ket. This will bring cur­rency to our coun­try. There­fore, we be­gan to ex­tend our par­tic­i­pa­tion in th­ese ex­hi­bi­tions. We de­cided to cre­ate trade houses in sev­eral coun­tries and we are ap­proach­ing to it. Any step taken by the state cre­ates new op­por­tu­ni­ties for en­trepreneurs,” the head of state noted.

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