Rules of "green corridor" approved

/By Azernews/

By Nigar Abbasova

President Ilham Aliyev has signed a decree to approve the rules of use of green corridor and other gating systems for the carriage of goods and transport facilities through customs border.

The main objective of establishing the green corridor is to apply the simplified customs procedures and provide for customs payments. Green corridor is expected to enable the country to increase the export potential of the non-oil sector, enjoy cooperation with foreign countries and speed up a number of formalities.

It creates opportunities for the removal of restrictions on trade with the countries of the region, smooth transit of goods, use of simplified customs procedures and provision of customs payments. It is considered that the green corridors will be applied both on land and sea borders.

The creation of green corridors is expected to give a stimulus for the further development of the country’s economy, allow the country to increase and strengthen the export potential and enlarge the volume of goods manufactured in the country in foreign markets. Experts say that the corridor will enable entrepreneurs to export their products to the foreign markets at a low percent and without any obstacles.

The country has already signed agreement with Russia and Kazakhstan on the establishment of green corridor.

The rules will come into effect starting from August 1, 2016