Azerbaijan Vests Ministry Of Economy With New Powers - Decree (UPDATE)
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 8. Additional authority
has been bestowed upon Azerbaijan's Ministry of Economy, Trend reports.
The issue was reflected in a decree "On a number of issues
related to the use of the system of registered exporters of the
European Commission by Azerbaijan" signed by President of
Azerbaijan Ilham Aliyev.
According to the decree, the Ministry of Economy is the sole
authorized body responsible for issuing exporter registration
confirmation codes for the use of the Registered Exporter System
(REX) of the European Commission and responses to inquiries from
member states of the European Union, as well as Norway and
Switzerland, regarding the provision of tariff preferences
unilaterally under the Generalized System of Preferences (GSP) and
performs other related tasks within this framework.
The Cabinet of Ministers of Azerbaijan was tasked with resolving
issues arising from this decree.
The Ministry of Economy was tasked to approve the rules for
issuing exporter registration confirmation codes and responding to
incoming inquiries as stipulated by this decree within a four-month
period.
The ministry was also required to inform the President of the
Republic of Azerbaijan accordingly and take necessary measures to
address other issues stemming from this decree.
Additionally, the decree tasked Foreign Ministry to notify the
member states of the European Union, Norway and Switzerland about
the designation of the Ministry of Economy of Azerbaijan as the
sole authorized body as per this decree.
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