Baku: The scope of simplified customs procedures is being determined, and Trade Facilitation Centers will be established, APA reports. This significant development was highlighted in an amendment to the Customs Code discussed at today's session of the Milli Majlis.
According to Azeri-Press News agency, the discussions surrounding the amendment were comprehensive, leading to the draft law being put to a vote. The proposed changes were adopted in the third reading, marking a milestone in the ongoing efforts to streamline customs processes and enhance trade efficiency.
The establishment of Trade Facilitation Centers is expected to play a crucial role in supporting these simplified customs procedures. These centers aim to provide a structured approach to managing trade, potentially reducing barriers and expediting the movement of goods. The adoption of this amendment is seen as a positive step towards improving the trade landscape in the region.
The decision reflects a commitment to facilitating trade and improving the efficiency of customs operations, with the ultimate goal of boosting economic activity and fostering a more business-friendly environment.