V Qafqaz Economic Forum was held in Quba District

V Qafqaz Economic Forum was held in Quba District
24 May 2016 18:47 | Visited: 386

 V Qafqaz Economic Forum

Quba / Azerbaijan 21 may 2016

 

 

On 21 May 2016, the Fifth “Qafqaz Economic Forum” which has been held annually since 2012 was organized in Quba.  The Fifth “Qafqaz Economic Forum” was jointly organized by Qafqaz University Institute for the Social Sciences and Humanities, Qafqaz University Faculty of Economics and Administrative Sciences, Azerbaijan State Economic University and Azerbaijan University of Technology. The forum had in mind with interesting talks with the participation of Ministry of Economy, the Academy of the State Customs Committee, Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Ministry of Taxes, the State Customs Committee of the Academy, ADA University, Institute of Economics under Azerbaijan National Academy of Sciences, Quba Region Executive Power, "Veysaloglu" group of companies as well as many other public and private sector representatives, scientists and specialists.

 

 

At the forum, annually the priority issues for the country are discussed. Taking into account the current realities of the economy, this year's Forum was dedicated to the discussion of the problem called “An Export Promotion in the Context of Crisis" which holds an important place in the new economic development strategy being prepared for the Republic of Azerbaijan.

 

At the plenary session, presenters stressed the importance of the subject under discussion and wished success to the forum. Vahid Ahmadov, the Deputy Chairman of Azerbaijani National Assembly's Committee on Economic Policy and Azar Badamov the Deputy of National Assembly informed the forum participants about the processes occurring in the economy of Azerbaijan republic. Akif Musayev, Deputy Chief of Tax Policy and Strategic Research Main Department gave information about the role of taxes in the promotion of exporting non-oil products and the anticipated discounts. The Forum continued its work in the form of panel discussions.

 

At the first panel session, Rovshan Guliyev, Deputy Director of the Scientific-Research Institute of Investigations made a presentation on the Sustainability of Azerbaijan's economy against the negative environmental impacts. Then Aydin Talibov, the Chairman of “Veyseloglu" Group of Companies talked about "the devaluation of the manat (Azerbaijani currency) and its effects to the export of non-oil sector". Yusif Abdullayev, Vice President of Azerbaijan Export and Investment Promotion Foundation (AZPROMO) gave detailed information on "the reforms carried out in Azerbaijan for stimulation of the exports". At the first panel session, Alakbar Heydarov, the representative of the Academy of the State Customs Committee talked about the "stimulation of the export of ICT services in Azerbaijan" and consequently Odiljon Abdurazzakov, head of the Department Entrepreneurship Development and Research under Qafqaz University Institute for the Social Sciences and Humanities shared "the research results of the importance of innovative entrepreneurship to lead Azerbaijani companies to enter international market" to the forum participants. The first panel session continued its work with answering questions aroused by the participants.

 

 

At the second panel session, Emin Huseynov, vice rector of ADA University using the most recent statistics drawn the attention of forum participants to the topics called against the background of the decline in oil revenues the need to diversify exports. Later, the rest of the participants Fuad  Ganbarov, director of Globalization and International Economic Relations Department of Institute of Economics under Azerbaijan National Academy of Sciences gave information on "the effects of devaluation of the manat to the promotion of the export of non-oil sector" and then Rafael Rzayev, a researcher at the Research Institute for Economic Research of UNEC, made presentation about “In modern conditions, increasing export potential in Azerbaijan and research results associated with the ways to stimulate export”.

 

 

Galib Sharifov, project manager for the implementation of ISO at ATU shared his scientific and practical views associated with "the roles of the ISO 9001: 2015 standards in stimulation of exports". At the end of the forum, Altay Ismayilov, director of Qafqaz University Institute for the Social Sciences and Humanities made final presentation. He started his speech about the negative effects of devaluation and put emphasis on stimulation of exports.

 

 

He dealt with the importance of the diversification of production in order to make export capacity building and underlined that in the innovative field, along with production, traditional areas are also important. At the final presentations, it is focused on incentives, the role of the state in the direction of the targeted point, especially the Special Economic Zones, foreign missions, foreign direct investment, the tax burden, loans etc.  In particular, it was noted that, to lead Azerbaijani companies enter foreign markets, along with the state, the role of the private sectors are also undeniable. In this regard, samples from world experience were taken. The main role in the formation of the ecosystem comes from university-government-business relations and with the emphasizing of the importance of human capital the final presentation is completed.

 

In the end, memorial gifts were presented to the presenters. Professor Ahmet Sanic, rector of Qafqaz University, presented the plaque to the presenters and stressed the importance of   Qafqaz Economic Forum, which has been held annually with the discussion of topical economic issues considered as priority.

 

 

 

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