Azerbaijani Parliament going to ratify agreement signed with International Islamic Trade Finance Corporation

Azerbaijani Parliament going to ratify agreement signed with International Islamic Trade Finance Corporation
# 06 December 2013 11:00 (UTC +04:00)

APA-Economics reports that the committee considered amendments to 6 draft laws. These are laws on “Ratification of Foundation Agreement of the International Islamic Trade Finance Corporation”, “State duties”, “State registration of real estate”, “State compulsory insurance of judicial employees and law-enforcers”, “Compulsory insurance in case of disability caused by industrial accidents and professional diseases” and “Grants”.

During the discussion on the draft law on “Ratification of Foundation Agreement of the International Islamic Trade Finance Corporation”, chairman of the committee Ziyad Samadzadeh said the document will support financing of Azerbaijan’s trade with the Islamic world and Islamic Conference countries.

“This draft law will give an impetus to the import-export operations of Azerbaijan with the Islamic countries that are members of the organization,” he said.

Ziyad Samadzadeh said with this law comes into force Islamic banking will also develop in Azerbaijan.

The amendments to the laws “State duties”, “State registration of real estate”, “State compulsory insurance of judicial employees and law-enforcers”, “Compulsory insurance in case of disability caused by industrial accidents and professional diseases” have editing character.

The draft laws have been recommended to the plenary meeting of the Parliament.

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THE OPERATION IS BEING PERFORMED