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Adoption of competitors code spells constructive affect on Azerbaijan’s economic system – knowledgeable

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BAKU, Azerbaijan, January 24. Adoption of the
Competitors Code in Azerbaijan could have an important and
constructive affect on the nation’s economic system, knowledgeable economist Eyyub
Kerimli advised Pattern.

In accordance with him, it’ll even have a big affect on the
nation’s enterprise alternatives in addition to its import and export
potential.

The knowledgeable said that the adoption of this code could have an
affect on additional bettering the aggressive setting, ensuing
in additional secure costs and stopping synthetic progress.

“The adoption of the Competitors Code may also profit small
and medium-sized corporations. It’s going to assist stimulate their exercise and
improve funding curiosity. These days, favorable circumstances are
created for small and medium-sized corporations to extend import and
export operations and increase their actions,” Kerimli stated.

The knowledgeable identified that the adoption of the Competitors Code
could have a big affect on the event of the non-oil
sector.

“Within the subject of agriculture, it’ll additionally contribute to the
growth of the manufacturing business and enhance each native
and overseas investments. All it will result in new jobs and
employment progress,” he stated.

To notice, the regulation “On the approval and entry into power of the
Competitors Code and authorized regulation in connection therewith” was
signed by the top of state on January 23, 2024.

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