Free Trade Agreements Baku Azerbaijan

09 Dez Free Trade Agreements Baku Azerbaijan

The agreement was signed on July 20, 2002 and entered into force on December 10, 2003. The contracting parties to the agreement are Georgia, Ukraine, Azerbaijan and the Republic of Moldova. The agreement allows the parties to use bilateral agreements only if they do not oppose the provisions of this agreement. The agreement is open to third-party membership. As can be seen in the table below, the number of ATRs has increased since the 1990s and in 2000 the increase peaked. WTO statistics show that there are currently 459 trade agreements in the world, of which 287 are active. During Iranian President Hassan Rouhani`s visit to Baku last year, Iran and Azerbaijan expressed their willingness to conclude a preferential trade agreement. In the end, he said that trade relations between the two countries were “at a good level” until today, Yangin said: “The agreement will have little impact on the volume of mutual trade in the early years. But we will see the benefits in the years to come. The agreement will make a significant contribution to the volume of trade. The EU supports closer trade and economic integration with Azerbaijan through the European Neighbourhood Policy (ENP) and its Eastern Partnership Policy. “As businessmen, we will support the implementation of the agreements with the utmost support,” Said Buyukfirat. TEHRAN, September 15 (Xinhua) — Iran and Azerbaijan on Tuesday led the first round of expert-level discussions on a preferential trade agreement, according to the state-run IRNA news agency.

Huseyin Buyukfirat, head of the Turkish-Azerbaijan Entrepreneurs Association, said the agreement would advance trade relations between the two countries, adding that thanks to him, new sectors of activity would open up. The Turkish Minister welcomed the Azerbaijani delegation led by the Parliament`s spokesperson and noted that the turnover between the two countries amounted to $4.4 billion, but this figure does not reflect the true potential of the two countries and the objective is to increase commercial turnover. The current Partnership and Cooperation Agreement does not contain tariff preferences, but creates trade quotas between the two and aims to gradually align Azerbaijan`s standards with those of the EU. The negotiations include discussions to strengthen trade cooperation between the EU and Azerbaijan. After seven trading rounds, negotiations on the trade title of the new agreement, including a chapter on trade and sustainable development, are now well advanced. The aim is to further strengthen trade relations between the EU and Azerbaijan and to support Azerbaijan`s future accession to the WTO. The project aims to help Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Romania, Uzbekistan and Turkmenistan maximize the transit potential of their dry ports, the Caspian and The Black Sea, by linking them digitally, facilitating sustainable trade along the line and encouraging the use of green energy in port activities. Its overall objective is to boost trade, reduce transport costs and diversify the supply chain from Asia to Europe through a comprehensive approach to connectivity based on standard harmonisation, community regional construction and digitisation. In the area of trade facilitation, the project aims to identify the main bottlenecks on the trade route linking China to Europe via the Caspian and Black Seas and to implement measures to overcome them.

B such as strengthening data exchanges between authorities and economic operators and between countries. The project will help Georgia, Kazakhstan, Kyrgyzstan and Romania meet their obligations under the WTO Trade Facilitation Agreement, such as. B the harmonization of data, the recording and publication of average publication times, cooperation between authorities and the development of the national single time window.