Milli Majlis approves amendment to Azerbaijan-Türkiye preferential trade deal

  06 July 2023    Read: 1278
Milli Majlis approves amendment to Azerbaijan-Türkiye preferential trade deal

Azerbaijan's Milli Majlis has approved the bill amending the Preferential Trade Agreement between Azerbaijan and Türkiye.

Under the Protocol, in addition to benefits in trade in goods specified in the agreement signed in Baku on February 25, 2020, Azerbaijan and Türkiye will grant each other benefits in trade in goods specified in this protocol, AzVision.az reports. 

The annexes specify the base tariff rate or additional customs duty to which a discount will be applied for each commodity.

In addition, the document increases the number of goods for which customs duties will be mutually reduced under the preferential trade agreement.


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