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By Azernews
By Mirsaid Ibrahimzade
Azerbaijan has all the conditions for even greater development of the non-oil sector.
This was stated by Deputy Prime Minister, Executive Secretary of the New Azerbaijan Party (YAP) - Deputy Chairman Ali Ahmadov at a meeting with the party members on January 31.
He said that the purpose of the meeting is to discuss steps in the future activities of the NAP and other issues.
He noted that the assessment given by President Ilham Aliyev at the end of 2018 and the future objectives at a meeting of the Cabinet of Ministers, as well as at a conference on the socio-economic development of the regions, is generally the most comprehensive and correct assessment of the year’s results.
“The main ideas voiced by the president during these events are that 2018 was quite a successful year, all the tasks were fulfilled at the required level, and the commitments were over-executed,” Ahmadov noted. “In 2018, Azerbaijan’s sustainable and dynamic development continued. Reforms in Azerbaijan that started a few years ago on the initiative of President Ilham Aliyev are now bearing fruit, and their results are tangible.”
Ahmadov also said that measures to diversify the economy of Azerbaijan are bearing fruit.
“The steps taken in this direction have ensured the development of the non-oil sector, and there are all conditions for further development of the non-oil sector in the future,” he added. “At the same time, there are programs defined by the Azerbaijani president in connection with the future period, and the resources are being mobilized for the implementation of these programs.”
Considering economically, growth of non-oil sector of Azerbaijan will make 2.8 percent in 2019, according to information of the IMF Caucasus and Central Asia Regional Economic Outlook.
Last year, Azerbaijan increased the non-oil exports by 10 percent. Next year, tourism and agriculture are expected to foster non-oil sector growth.
The volume of GDP produced in the non-oil sector of Azerbaijan in 2018 increased by 1.8 percent compared to 2017.
Azerbaijan, which is on its way to minimize dependence on its hydrocarbon resources, is implementing a number of measures. They include sending export missions to foreign countries for the promotion of non-oil goods, supporting entrepreneurs, developing agriculture and tourism sectors of economy.