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Government Reduces Customs Duties for Butter Threefold

Government Reduces Customs Duties for Butter Threefold
Economics 


2017 November 07 ( Tuesday )  11:38:57
Print version
Русский Azərbaycan

Baku / 07.11.17 / Turan: By the decision of the Cabinet of Ministers, customs duties on imported butter and other fats made from milk have been reduced three times. Earlier, the amount of duties on these goods was 15% of their customs value. Now the duties have been reduced to 5%.

The resolution comes into force 30 days after publication in the media and will remain in force until December 31, 2019. This measure is aimed at reducing the price of butter, which has risen sharply recently.

Earlier Turan News Agency repeatedly wrote about the unreasonably high prices of butter (http://www.turan.az/ext/news/2017/-/free/markets/en/118404.htm).

In October, a discussion arose between experts, in particular Natig Jafarli, and the Customs Committee over the unreasonably high prices of butter. The expert accused the Customs Committee of having a monopoly on butter imports. In particular, Jafarli demanded the Committee explain why the difference in the price of New Zealand butter in Azerbaijan and Georgia is almost 40% (18 and 10 manat respectively).

Now, after the decision of the Cabinet of Ministers, Jafarli noted on his Facebook page that "now there is one unresolved point - the creation of a competitive and fair environment." -06D-