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Azerbaijan and UAE inintiales an agreement on â€œcooperation in cutoms and mutual assistanceâ€

23 December 2010 09:28 (UTC +04:00)

Baku. Viktoriya Dementyeva - APA-Economics. The United Arab Emirates, represented by the Federal Customs Authority, and the Republic of Azerbaijan, represented by the State Customs Committee, initialed the final version of the Agreement on the Co-operation and Mutual Assistance in Customs Matters, WAM reported.

The Agreement was initialed by the two countries during the First Round of negotiations that took place on 19- 21 December 2010, by the delegation of Azerbaijan, headed by Mr. Shahin Bagirov, Head of Customs Control Department, the State Customs Committee of the Republic of Azerbaijan, in co-ordination with the Embassy of Azerbaijan in UAE. This agreement is scheduled to be prepared for the final signature after completing internal procedures of ratification by both sides.

"The agreement will contribute to exchange experiences and promote economic cooperation and facilitate the trade movement between the two countries, as well as protect the community from harmful business practices through the exchange of information about customs issues between the two countries" said Suoud Salem Al Agroobi, Director of International Relations, the Federal Customs Authority, Head of the UAE delegation.

These Agreements; he added , contribute to the reduction of customs violations that lead to a breach of economic, commercial, financial, and social interests of the UAE, as well as aiming at activating the procedures taken against such violations in collaboration between the two countries. These Agreements ensure the accurate calculation and collection of customs duties and other charges on imports of goods, and the implementation of the provisions on prohibition, restriction and control, in addition to creating the appropriate environment to facilitate and promote trade and economic relations, and the exchange of experiences between the parties.