Azerbaijan sent an export mission to Mongolia

By Azernews

By Narmina Mammadova

An export mission to Mongolia will be organized through the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), an informed source told Trend on October 12.

The source noted that the export mission, which includes representatives of about 20 major Azerbaijani companies, will visit Ulan Bator.

“During the visit of the delegation, the Azerbaijan-Mongolia business forum will be organized at the beginning of the coming week. he meetings with officials of this country, as well as B2B meetings between representatives of business structures of the two countries will be held,” the source said.

The parties will discuss the issues of expanding cooperation between entrepreneurs of Azerbaijan and Mongolia and the possibility of exporting Azerbaijani products to this country.

The export missions play an important role in expanding non-oil exports and promoting the domestic made products. To date, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has organized 13 export missions to 10 foreign countries-Germany, Afghanistan, Pakistan, Qatar, Kazakhstan, Hungary, China, Russia, the United Arab Emirates (UAE) and Saudi Arabia.

Exhibitions, organized by the state bring excellent results. National entrepreneurs took part in different international exhibitions-Gulfood 2017, Prowein, ANUGA, Worldfood Moscow 2017 and the International Exhibition of Wines and Alcoholic Beverages in Hong Kong to promote the brand.

President Ilham Aliyev signed the decree on large-scale promotion of local non-oil products in foreign markets as “Made in Azerbaijan” on October 5, 2016.

This decree includes nine different support mechanisms to stimulate exports and promote “Made in Azerbaijan” abroad. Depending on the support mechanisms, the costs relating to their realization are fully or partially covered by the state budget.

Promotion of the “Made in Azerbaijan” brand on foreign markets became one of the priorities of the country’s foreign economic policy.

In January 2018, President Ilham Aliyev signed a decree on amending the procedure for determining and regulating the payment mechanism for part of the expenses paid from the state budget for organizing export missions to foreign countries, studying foreign markets and marketing activities, promoting the “Made in Azerbaijan” brand to foreign markets, the receipt by local companies of certificates and patents in foreign countries in connection with exports, research programs and export development projects.

According to the decree, this year the number of export missions that can be organized with the participation of Azerbaijani entrepreneurs in one calendar year has been increased from 10 to 25. Also, the number of international fairs and exhibitions, where a national stand can be presented with the participation of Azerbaijani businessmen was increased from five to ten. 

Diplomatic relations between Azerbaijan and Mongolia were established in 1992. Relations and cooperation between two countries are expanding not only at the bilateral, but also at the international and regional levels.