Azernews.Az

By Nigar Abbasova

Azerbaijan is set to strengthen its position as a Digital Trade Hub and expand its foreign trade operations.

A relevant decree was issued by President Ilham Aliyev on February 23.

Under the decree, the Center for Analyses of Economic Reforms and Communications has been tasked with creation of a new section ‘Digital Trade Hub of Azerbaijan’ at its export promotion portal azexport.az, which has already made Azerbaijani production available to potential buyers from anywhere in the world.

Besides, the Centre will also introduce new systems of e-registration of export contracts, export support and customs escort online for domestically produced non-oil products. The portal will also comprise an e-purse for cashless payment.

The measures to be taken under the document will help local entrepreneurs to break into overseas markets and promote their production.

Integrating with the most popular electronic trading networks azexport.az, provides information about local Azerbaijani products, being a beneficial platform for sales in foreign and domestic markets.

Being available in the Azerbaijani, Russian and English languages, the portal acts as a single digital destination for trade, bringing together and connecting local entrepreneurs, international buyers and international investors.

The portal offers fast and secure payment to VISA, Master Card and American Express cards owners.

The export promotion portal received export offers worth some $4.63 million in January 2017, while the bulk of the orders came from Russia, Turkey, Iraq, Bulgaria, Libya, Moldova and other countries.

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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

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