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Azerbaijan permits tax-free import of Pakistani rice for 5 years

by Pakistan Latest News Update

BAKU – Azerbaijan on Saturday introduced a five-year tax exemption on rice import from Pakistan.

The transfer is aimed toward stimulating development of the bilateral commerce between Pakistan and Azerbaijan.

Talking on the worldwide convention “Along the Middle Corridor: Geopolitics, Security and Economy” at ADA College in Baku the opposite day, Azerbaijan President Ilham Aliyev stated the choice was the result of his conferences with Pakistani Prime Minister Shehbaz Sharif held during the last couple of months.

Throughout these conferences, the president stated, they mentioned the agenda of their bilateral relations.

The Azerbaijani president was responding to questions raised by Government Director of Middle for World and Strategic Research of Pakistan Khalid Taimur Akram, as a participant.

The president stated he mentioned with Pakistan’s prime minister, the prospects of additional intensifying the bilateral financial and commerce cooperation and the choice over particular rules for rice from Pakistan, was a mirrored image of that.

He stated they’d determined to take this step so as to stimulate the expansion of mutual commerce between the 2 international locations.

“Why should we buy rice from some other place if we have high-quality rice in the brotherly country? So, that decision was clearly based on our brotherly relations,” the Azeri media quoted the president as saying.

Commenting additional, the Azerbaijan president stated that his nation loved wonderful relations with Pakistan.

President Aliyev stated: “We’re very grateful to Pakistan for the continual help which the nation demonstrates with respect to Azerbaijan-Armenia relations. 

“In the course of the occasions of occupation, throughout the battle, and after the liberation of our territories, Pakistan was all the time with us. And this political and ethical help is very appreciated by the folks of Azerbaijan.”

He stated that he knew that the Gwadar Port of Pakistan was remodeling into an enormous worldwide hub.

Reacting to the choice, PM Shehbaz thanked Azerbaijan’s president for the five-year tax exemption on the import of rice from Pakistan.

“Pakistan and Azerbaijan will work on boosting economic cooperation through rail and Gwadar port,” the prime minister says.

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