Israel and Azerbaijan Sign Trade Agreement
In recent tax news, Israel and Azerbaijan signed an agreement last year in December of 2011 for customers mutual assistance. Created in conjunction with the Israel Tax Authority and Deputy Director Gidi Bar Zakay, the measure is the 53rd for Israel and will simplify trade procedures between the two countries.
It is also intended to promote the exchange of knowledge so that there may be sufficient enforcement measures enacted by both countries. Israel’s exports to Azerbaijan in 2010 totaled $110 million. Most of these exports were focused on the hi-tech industry and were primarily hi-tech equipment.