Gold processors' Association being established in Azerbaijan

Gold processors' Association being established in Azerbaijan
  • Clock-gray 12:40
  • calendar-gray 18 February 2020

An association of gold processors will be established in Azerbaijan soon, Chairman of Administrative Board of the Small and Medium Business (SMB) Development Agency of the Republic of Azerbaijan Okhan Mammadov told reporters, APA-Economics reports.

According to him, the Agency has held meetings with different entrepreneurs on this issue and the Ministy of Justice has been appealed on registration of the Agency.

“During following two weeks, the Association will be registered. It will be a significant issue, as the body will play a role of bridge between state bodies and entrepreneurs”, O. Mammadov noted.

He also added that the Ministry of Economy has decided on establishment of a Working Group, which will act on this field and representatives of the Customs Committee, Ministry of Economy, SMB Development Agency, AzerGold CJSC, and new Association will be represented in the Group: “I think our next step will be decreasing taxes in this field, so both entrepreneurs will benefit from it, and lost market will be returned.”

Huseyn Veliyev

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