In June, President Ilham Aliyev signed a decree introducing a new mechanism of state support for the export of non-oil and non-gas products. The initiative provides reimbursement of customs clearance expenses for micro, small, and medium-sized enterprises (SMEs) exporting their goods abroad. The support will be administered by the Ministry of Economy on a quarterly basis following applications submitted by exporters.

The measure represents another step in Azerbaijan's broader strategy to diversify its economy and reduce its reliance on hydrocarbons. Over the past decade, the government has consistently emphasized the development of the non-oil sector as a key driver of sustainable economic growth. Against this backdrop, the new incentive is designed to strengthen the competitiveness of domestic producers and encourage greater participation in international trade.

At first glance, the measure may appear technical in nature. However, it represents another important step in Azerbaijan's long-term strategy to diversify its economy, strengthen the private sector, and transform the country from a resource-dependent economy into a competitive producer and exporter of value-added goods.

Azerbaijan has implemented a broad range of measures aimed at stimulating non-oil exports. Export incentives for producers have been introduced, concessional lending programs for businesses have been expanded, Azerbaijani trade houses have been established abroad, export missions have been organized, and large-scale investments have been directed toward industrial parks,........

© AzerNews