Azerbaijan plans to boost exports with logistics subsidies

The government of Azerbaijan is expected to approve the rules for paying logistics subsidies by the end of 2024, according to Yusif Abdullayev, Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO), who spoke at the Azerbaijan-Iraq Business Forum in Baku.

"It is anticipated that the payment of such subsidies will commence next year. Subsidizing will contribute to reducing costs when using alternative logistics routes," he noted.

Abdullayev previously informed Report that the logistics subsidy would be provided for 5-7 years, and for 10 years in the liberated territories. This subsidy will be paid to exporting companies and may amount to up to 70% of the transportation cost. In the liberated territories, full reimbursement of logistics costs by the state is envisaged.