Busi­ness ties with Turkey reach new high

Azer News - - Nation - By Sara Is­rafil­bay­ova

Busi­ness ties be­tween Azer­bai­jan and Turkey have reached a new high, since a num­ber of agree­ments were con­cluded be­tween the sides fol­low­ing the visit of Azer­bai­jani ex­port mis­sion to Is­tan­bul.

Azer­bai­jani Farma-Shah LLC and one of the Turk­ish com­pa­nies have reached an agree­ment on the ex­port of Azer­bai­jani tea to Turkey.

Azer­bai­jani Econ­omy Min­istry re­ported that also, the ne­go­ti­a­tions on the ex­port of raw ma­te­ri­als used as an ad­di­tive in ce­ment pro­duc­tion have been held be­tween Nakhchivan Ce­ment Plant LLC and “BASF Turkey” com­pany.

More­over, an agree­ment has been reached en­vis­ag­ing that the Turk­ish “Koc Mer­mer Granit” com­pany will use the prod­ucts of Gemi­gaya LLC in con­struc­tion projects.

The ne­go­ti­a­tions on the sale of prod­ucts and the pur­chase of raw ma­te­ri­als have been held be­tween the en­ter­prises for pro­duc­tion of plas­tic win­dows and doors Ja­han Pen LLC and Ja­han Sanaye Kom­pleksi LLC and the Turk­ish Gema and Mar­mara com­pa­nies.

The Azer­bai­jani ex­port mis­sion in Is­tan­bul in which 19 com­pa­nies rep­re­sent­ing food, con­struc­tion and build­ing ma­te­ri­als, chem­i­cal in­dus­tries, fur­ni­ture pro­duc­tion and tourism in Nakhchivan AR par­tic­i­pated, held with the sup­port of the Azer­bai­jani Econ­omy Min­istry and with the or­ga­ni­za­tional sup­port of the Azer­bai­jani Ex­port and In­vest­ment Pro­mo­tion Foun­da­tion (AZPROMO), was com­pleted re­cently.

As part of the mis­sion, the Azer­bai­jani busi­ness­men held bi­lat­eral meet­ings with Turk­ish col­leagues, and dis­cussed the is­sues of ex­pand­ing the ex­port of Azer­bai­jani prod­ucts to Turkey. The pre­lim­i­nary agree­ments on ex­ports were reached dur­ing the meet­ings.

Ex­port missions is an­other way to at­tract in­ter­est of for­eign com­pa­nies to the lo­cal prod­ucts.

Ear­lier, the prod­ucts of the Azer­bai­jani com­pa­nies in­cluded in the ex­port mis­sion caused great in­ter­est among Mon­go­lian com­pa­nies.

Azer­bai­jani com­pa­nies Ab­sheron-Sharab, A+Co, Merit Brand, Sharg Ul­duzu, Agro-Az­er­in­vest, Aspi Agro, Az­eri met with the largest dis­trib­u­tor of wine prod­ucts in Mon­go­lia - World Wine LLC and Sansar chain stores. Pri­mary agree­ments were reached on the ex­port of Azer­bai­jani wines to Mon­go­lia, as well as on the ex­port of prod­ucts be­tween the Azer­bai­jani com­pany Aspi Agro and the Mon­go­lian com­pany World Wine.

Pres­i­dent Il­ham Aliyev signed the de­cree on large-scale pro­mo­tion of lo­cal non-oil prod­ucts in for­eign mar­kets as “Made in Azer­bai­jan” on Oc­to­ber 5, 2016.

This de­cree in­cludes nine dif­fer­ent sup­port mech­a­nisms to stim­u­late ex­ports and pro­mote “Made in Azer­bai­jan” abroad. De­pend­ing on the sup­port mech­a­nisms, the costs re­lat­ing to their re­al­iza­tion are fully or par­tially cov­ered by the state bud­get.

Pro­mo­tion of the “Made in Azer­bai­jan” brand on for­eign mar­kets be­came one of the pri­or­i­ties of the coun­try’s for­eign eco­nomic pol­icy.

In Jan­uary 2018, Pres­i­dent Il­ham Aliyev signed a de­cree on amend­ing the pro­ce­dure for de­ter­min­ing and reg­u­lat­ing the pay­ment mech­a­nism for part of the ex­penses paid from the state bud­get for or­ga­niz­ing ex­port missions to for­eign coun­tries, study­ing for­eign mar­kets and mar­ket­ing ac­tiv­i­ties, pro­mot­ing the “Made in Azer­bai­jan” brand to for­eign mar­kets, the re­ceipt by lo­cal com­pa­nies of cer­tifi­cates and patents in for­eign coun­tries in con­nec­tion with ex­ports, re­search pro­grams and ex­port de­vel­op­ment projects.

Ac­cord­ing to the de­cree, this year the num­ber of ex­port missions that can be or­ga­nized with the par­tic­i­pa­tion of Azer­bai­jani en­trepreneurs in one cal­en­dar year has been in­creased from 10 to 25. Also, the num­ber of in­ter­na­tional fairs and ex­hi­bi­tions, where a na­tional stand can be pre­sented with the par­tic­i­pa­tion of Azer­bai­jani busi­ness­men was in­creased from five to ten. Azer­bai­jan and Turkey en­joy strong and de­vel­op­ing eco­nomic ties, es­pe­cially in terms of huge en­ergy projects on the trans­porta­tion of Azer­bai­jan's oil and gas re­sources to the Eu­ro­pean and world mar­kets through the Turk­ish ter­ri­tory.

Ac­cord­ing to the State Cus­toms Com­mit­tee of Azer­bai­jan, the trade turnover with Turkey in 2017 was $2.64 bil­lion, $1.37 bil­lion of which was for ex­port to that coun­try. The trade turnover be­tween the two coun­tries in 2017 grew by 14.8 per­cent.

In the first quar­ter of the cur­rent year, the Azer­bai­jani-Turk­ish trade turnover amounted to $573.1 mil­lion (an in­crease of 3.7 per­cent over the year).

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