“The main goal facing Azerbaijan’s economy today is its diversification. Reforms implemented over the past 20 years have ensured transparency and created a favorable business environment,” said Shahmar Movsumov, Assistant to the President of Azerbaijan and Head of the Department of Economic Issues and Innovative Development Policy of the Presidential Administration, as he addressed the “Customs-Business Forum 2025: Dialogue and Trust” in Baku.
Movsumov noted that the non-oil sector’s share in Azerbaijan’s economy continues to grow steadily, reaching 81.4%.
“The doubling of the non-oil sector provides grounds to speak about the effective development of the business environment in the country. Azerbaijan has already signed trade agreements with 10 countries, which will further expand global trade opportunities. The implementation of a digital customs system has improved the performance of the East-West and North-South transport corridors,” he emphasized.
