Chairman of the Milli Majlis Committee for Economic Policy, Industries and Enterprising Tahir Mirkishili started the meeting of his Committee that was held on 15 September with the performance report that covered the spring and the extraordinary sessions of 2021.

According to Mr Mirkishili, the Committee had considered 94 items including 9 Bills, 2 opinion statements and a report by the Chamber of Accounts at the 24 meetings conducted in the reference period. The processed documents had been cleared for the plenary sittings of the Milli Majlis. Furthermore, the Committee had been holding meetings with various state departments, public organisations and business people, and had been discussing the real-sector issues. A regular kind of work had also been going on the applications and requests arriving in the Committee’s name; citizens had been received in keeping with the special quarantine regulations. Appropriate steps had been taken in regard to the issues raised by the appellants.

The 2021 work plan of the Committee for Economic Policy, Industries and Enterprising was discussed at the meeting as well. It follows from the plan that the Committee is to discuss the Bills ‘On Pawnbrokers’ Offices’, ‘On Tourism’ and ‘On the State Duty’ as well as what over draft laws will be submitted for its consideration. Mr Mirkishili noted that they would also have to rework the Laws ‘On the Assessment Practice’, ‘On the Securities Market’ and ‘On Insolvency and Bankruptcy’. In addition, the Committee has in plan meetings with the appropriate departments, with business people and with non-governmental organisation and public representatives. There will also be hearing sessions.

With that cleared, the Committee Chairman presented to the meeting participants the Bills added to the agenda, namely, Items 3 and 4 being the sets of draft amendments to the Law ‘On the Customs Tariff’ and to the Tax Code, respectively. It was said that the two drafts were similar in that they envisage a five-year term extension of the customs-duty and VAT exemption of the Garabagh Industrial Park.

Item 5 was the Bill (in the first reading) containing amendments to the Customs Code whereby provision of a collateral against placement of goods set for processing in the country in the special customs procedure will be made from compulsory to optional.

The draft amendments (in the first reading) to the Civil Code of the Azerbaijan Republic and to the laws ‘On Insolvency and Bankruptcy’, ‘On Execution’, ‘On banks’, ‘On Theatre and Theatrical Activities’, ‘On the Insurance Practice’, ‘On the Special Economic Treatment of the Export-Oriented Petroleum Operations’ and ‘On Employment’ was the sixth item on the agenda of the meeting, having been put together in relation to the compulsory medical insurance and with the purpose of adding the compulsory medical insurance fees payable to the CMI Fund to the list of mandatory the payments due in the event that an incorporated body is declared insolvent.

The last Bill that was tabled at the committee meeting was a compendium of amendments (in the first reading) to the Laws ‘On Currency Regulation’, ‘On Credit Unions’, ‘On Banks’, ‘On the Post’, ‘On Accountancy’, ‘On the Insurance Practice’, ‘On Non-Bank Credit Organisations’, ‘On Investment Funds’, ‘On the Securities Market’ and ‘On Credit Bureaux’. It was said that the amendments had been prepared in order to address and regulate the matters arising from the 4 May 2018 amendments to the Accountancy Law.

Comments, opinions and proposals regarding the agenda items came from Deputy Committee Chairman Ali Masimli, Committee members Vahid Ahmadov, Vugar Bayramov, Mashhur Mammadov, Ziyad Samadzade, Aydin Huseynov, Elnur Allahverdiyev, Igbal Mammadov and Mazahir Efendiyev as well as Head of the Economic Legislation Department of the Milli Majlis Staff Muhammad Bazigov.

The MPs recommended that the Bills considered at the meeting should be tabled at a plenary sitting of the Milli Majlis.

The MPs Mahir Abbaszade, Imamverdi Ismayilov, Anar Mammadov and Agalar Valiyev and other officials attended the meeting, too.

The Press and Public Relations Department

The Milli Majlis