Further improvements in thebusiness climate will be key in opening up new markets and developing a morediversified growth strategy, the International Monetary Fund’s mission forAzerbaijan said in a statement.

“A competitive privatesector will require speeding up the efforts to implement the new customs code,finalize World Trade Organization (WTO) accession, ease barriers tocompetition, and generally improve governance,” it said. “The recently enactedinspection law is a welcome step in this direction and builds upon theachievements of other initiatives, including e-Government and “one-stop”windows, to reduce the costs of doing business. As the law currently applies toall inspections, the mission supports the authorities’ plans to amend this lawto exclude the the supervision of the banking and insurance sectors from thelaw’s purview.”

ANN.Az