Geostat said local exports in the country had accounted for 67.6 percent of total exports in the reporting period, amounting to $3.40 billion, 21.2 percent higher compared to the same period of 2021. Georgia has exported locally produced goods worth $5.03 billion between January-November, which is a 31.8 percent increase year-on-year, preliminary data from the … Read more
Products worth $793.9 million have been exported to the EU countries in November, the State Customs Committee told AZERTAC. Last month Azerbaijan imported from EU countries products worth $209.2 million, according to the committee. Products worth $24.169 billion have been exported to the EU countries in January-November of 2022. According to the State Customs Committee, … Read more
Armenian National Interests Fund (ANIF) said today its subsidiary “Entrepreneur + State” Investments Fund is launching a new investment project jointly with the “K&G” company. The joint project “Berrymount” company will start large-scale production of strawberries for export. The partner company “K&G” was founded in 2015 and already has two greenhouses with a total area … Read more
According to Trend, establishing new import rules are considered by Azerbaijan.
The amendment to the Customs Code, which was discussed at a meeting of the Parliament’s Committee on Economic Policy, Industries and Enterprising on December 13, reflected this issue.
It proposes to review the appeal to the customs authority on the clearance of goods within one day. This amendment obliges the authority to notify the customs applicant within 24 hours from the moment the appeal was submitted to the body in case of cost adjustments for the passage of commodities.
The aim of the bill is to improve customs clearance procedures.
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As the Ministry of Finance announced on Tuesday, the project for the construction of a joint border crossing point between Georgia and Azerbaijan for further developing regional trade and transit has been discussed at the meeting between Georgian Finance Minister Lasha Khutsishvili and Shane Rosenthal, the Asian Development Bank Country Director for Georgia.
An agreement on establishing the crossing point on the border has already been signed by the two countries, and the aim of today’s meeting was to discuss ADB’s involvement, as both countries are member states of the Bank.
As Rosenthal said at the meeting, further development of infrastructure of border crossing points is a “logical continuation of the large road infrastructure projects already supported by the Asian Development Bank”.
According to the Country Director, the utilization of the transit potential between Georgia and Azerbaijan and the process of establishing the former country as a transit hub would be “significantly contributed” to by the checkpoint.
Traffic bridging between Georgia and Azerbaijan is being operated by the following checkpoints: Boyuk-Kasik in Azerbaijan and Gardabani in Georgia, Mazymgara in Azerbaijan and Tsodna in Georgia, Ipek Yolu in Azerbaijan and Abreshumis Gza in Georgia, Sadakhli Azerbaijan and Vakhtangisi in Georgia, Mughanli in Azerbaijan and Samtattskaro in Georgia, as well as the Red Bridge crossing between the two countries.
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Belarus has agreed to accept the transit of Ukrainian grain crops, intended to be exported via Lithuanian ports, through its territory. The relevant statement was made by Stéphane Dujarric, Spokesperson for the Secretary-General of the United Nations, on Friday, an Ukrinform correspondent reports. According to the readout, UN Secretary-General António Guterres met with Belarusian Foreign … Read more
According to the National Bank of Serbia data, in the first nine months of this year, Serbia exported services worth 7.7 billion euros, and imported services in the value of 6.5 billion euros. Thus, Serbia has recorded a surplus in trading in services with foreign countries, which is 30 percent higher than last year. Revenues … Read more
SC National Company Kazakhstan Temir Zholy and Stadler Rail AG signed contracts as per which the Swiss rail giant will deliver and ensure technical maintenance of passenger cars assembled based on Swiss technology here in Kazakhstan, Kazinform reports. The contracts were concluded based on the Agreement on strategic cooperation between the companies inked on November … Read more
The value of exports rose by 31.8 percent and equalled $5.03 billion in the reported period, while imports also grew by 32.5 percent, amounting to $11.98 billion. Photo: Nino Alavidze/agenda.ge Georgian external trade turnover amounted to $17.02 billion in January-November 2022, posting a 32.2 percent increase year-on-year, the national statistics office revealed on Monday. The … Read more
Azerbaijan considers establishing new import rules, Trend reports. This issue was reflected in the amendment to the Customs Code, which was discussed at a meeting of the Parliament’s Committee on Economic Policy, Industries and Enterprising on December 13. The appeal to the customs authority on the clearance of goods is proposed to be reviewed within … Read more