TODAY.AZ / Business

IMF supports governmental plans on minimization of tax-free import goods

15 June 2005 [08:31] - TODAY.AZ
The International Monetary Fund (IMF) does not share the threats of some local experts on de-liberalization of the market in connection with the cut in tax-free import goods, Basil Zavoico, the head o the Baku office of the IMF, told Trend.
The IMF backs cut in base of tariff privileges for import goods.

"It is necessary to inject equal tariffs for all goods. The base of tax–free import goods should be minimal, as no privileges should be given to import," Zavoico stressed. 

In accordance with the presidential decree on anti-inflation measures in Azerbaijan, proposals on ensuring the cancellation of inexpedient tariff privileges and providing privileges with term of coverage of concrete spheres should be developed within 2 months.

The Cabinet of Ministers said that while designing the proposals for ensuring the removal of inexpedient tariff privileges for different tariff privileges on import goods the Cabinet of Ministers will guide by the anti-inflation interests, as the removal of import privileges might evolve deficit in import goods and result in dissatisfaction of demand, increase of prices of import goods and give intensive to inflation.

The issue on release of import goods from different duties was also put forward by the working group on the World Trade Organization (WTO) of the National Confederation of Entrepreneurs Organizations, as the entrepreneurs are concerned of the prospects of delivery of cheap import to the country.


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