ECONOMY


Serbian TransConflict: Azerbaijan's Digital Trade Hub set to bind regional and Eurasian markets

Baku, July 31, AZERTAC

Serbia-based TransConflict online portal has published an article by Indian scientist Hriday Ch. Sarma headlined "Azerbaijan's 'Digital Trade Hub' set to bind Regional and Eurasian Markets". The article says: "Azerbaijan, a small country in South Caucasus, will launch a Digital Trade Hub Project (DTH) starting August 2017. Azerbaijan will also start offering an electronic-signature service and all types of government issued (ASAN) signature certificates through the DTH. At present, the Ministry of Transport, Communications and High Technologies, the Ministry of Taxes and the Ministry of Foreign Affairs are jointly-coordinating their efforts with diplomatic missions and consulates of the Republic of Azerbaijan to achieve this technological milestone. The DTH is being implemented with the purpose of strengthening Azerbaijan's position as a key digital trade hub in the South Caucasus region as it now attempts to discard its traditional image of an oil and gas exporting country."

"In recent times, Azerbaijan has been striving to cope with falling global oil price and the need to finance new revenue generating projects for maintaining calm and prosperity among its citizens. Therefore, its government is endeavouring to address this shaky situation by implementing a number of new initiatives, including Azerbaijan DTH, and participating in a number of international projects, including the International North-South Transportation Corridor," the article says.

"The digitization of Azerbaijan's trade with the coming into operational of the DTH will build regional value chains in South Caucasus and across Eurasia. This will benefit big Azerbaijani industries that have an export potential to deeply tap into South Caucasian and Eurasian markets by moving towards internationally acceptable quality standards, including environmental safeguards," the article adds.

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