President proposes further increase of purchase price of cotton

  17 September 2016    Read: 1458
President proposes further increase of purchase price of cotton
"Apart from being a solution to economic issues, development of cotton production is a social issue at the same time. Because according to information I have, about 70,000 people will be employed for cotton production this year in 24 districts, which means an increase in employment rate,” President Ilham Aliyev said in his visit to Sabirabad on Saturday.
The head of state noted that over the past 13 years, the country opened 1.3 million new jobs.

"This is a historic achievement. Serious steps have been taken to eliminate unemployment. However, this process must be continuous. The development of cotton means the creation of new jobs. I believe that next year the number of sown areas will increase even more and thus give rise to the number of the employed. This year we have increased the purchase price of cotton by 20 percent. But we need to consider whether any more increase in price is need or not. Of course, it would be favorable. So now I instruct the relevant bodies - the Presidential Administration, the ministries of agriculture and economy as well as cotton firms – to consider it. We, of course, need to increase the purchase price as much as possible so that order people could get more profit,” the president said.

The president noted that additional actions must be taken to stimulate the development of cotton production.

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