Azerbaijan's export growth could reach $1bln

Maria Novoselova / Vestnik Kavkaza

Azerbaijan has the potential to increase its annual exports by more than $1 billion over the next five years, UN Resident Coordinator in the country Vladanka Andreeva said during an event themed “Non-tariff barriers to trade” held in Baku.

"Azerbaijan's exports have been steadily increasing in recent years, and reached $35 billion in 2022. Non-mineral exports nearly doubled over the past five years," Andreeva said.

According to her, improving access to information on trade requirements and procedures is a key factor in the development of Azerbaijan's exports.

"The assessment by the International Trade Center (ITC) has shown that the export of Azerbaijani services in the IT and tourism sectors is thriving and will benefit from creating a favorable business environment," the coordinator said.

© Photo :Maria Novoselova / Vestnik Kavkaza
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