In this regard, the development of the agricultural sector contributes to the development country. Clearly, this is a potential area for growth in GDP. Furthermore, development of the agricultural sector also allows to figure out social problems and to reduce unemployment."
"Additionally, development of the agricultural sector ensures food security. International experience shows, sustainable development of the sector requires certain funding mechanisms.
Insurance is a mechanism that enables to protect the financial stability of agricultural producers. Today, this area is under-developed. In this manner, we need to have a certain infrastructure, statistical database, to define the word “risk”and to train insurance experts. Our main goal is to introduce international experience in Azerbaijan ", N.Khalilov said.
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