Bank Of Baku

Talks on trade between Azerbaijan and EU to be continued

Talks on trade between Azerbaijan and EU to be continued
# 16 July 2010 14:40 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The document about the trade on Association Contract between Azerbaijan and European Union can be signed after the Azerbaijan’s membership to World Trade Organization, Deputy Foreign Minister Mahmud Mammadguliyev informed.

According to him, this situation will not have an impact on production exchange of Azerbaijan with EU: “Last year Azerbaijan joined Generalized System of Preferences (GSP+). Although, the contract about the trade between Azerbaijan and EU will be signed after Azerbaijan’s membership to WTO, we’ll hold talks about the trade sphere.”

Note that, the main purpose of GSP+ is to support the non-oil sector and increase the export potential of the country.
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